Welcome to our dedicated page for Coty news (Ticker: COTY), a resource for investors and traders seeking the latest updates and insights on Coty stock.
Coty Inc. (NYSE: COTY; Paris: COTY) is a global beauty company with brands across fragrance, color cosmetics, and skin and body care, and its news flow reflects this broad portfolio and strategic focus. On this page, readers can follow regulatory announcements, earnings updates, capital markets activity, and product news that Coty discloses through press releases and SEC-related communications.
Recent Coty news has included leadership changes, such as the appointment of an Executive Chairman and Interim Chief Executive Officer, and board refreshment actions described in Form 8-K filings and the company’s proxy materials. Investors can also track Coty’s strategic moves, including the sale of its remaining stake in Wella to KKR-managed entities, the launch of a comprehensive strategic review of its Consumer Beauty business, and organizational changes to integrate Prestige Beauty and Mass Fragrance operations.
Earnings-related releases provide detail on quarterly and annual results, segment performance in Prestige and Consumer Beauty, and commentary on trends in fragrances, cosmetics, and skincare. These updates often include information on Coty’s fragrance launches, such as Burberry Goddess and BOSS Bottled Beyond, expansion into fragrance mists and scenting adjacencies, and new Consumer Beauty brands like Origen.
Capital structure and financing developments are another recurring theme in Coty’s news, including announcements about senior notes offerings, note pricing, and the intended use of proceeds to redeem existing debt. The company also issues news on sustainability milestones, such as its CSRD-aligned sustainability report and external ESG ratings.
By reviewing Coty news on this page, readers can monitor how the company communicates its strategy in prestige and mass beauty, its progress on deleveraging, and its ongoing product and brand initiatives across global markets.
Coty Inc. (NYSE: COTY) will host its Investor Day on
Coty Inc. announced a definitive agreement to sell a 9% stake in Wella to KKR for $426.5 million, redeeming half of KKR's convertible preferred shares, which reduces KKR’s ownership in Coty to 5.2%. This transaction reflects a 50% appreciation in Wella’s value since Coty’s prior sale. Coty retains a 30.6% stake in Wella, valued at $1.38 billion. The deal simplifies Coty’s capital structure, yielding an annual dividend savings of $26 million. The transaction is expected to close in Q2 FY22.
Coty (NYSE: COTY) has announced a partnership with Perfect Corp. to enhance its beauty brands' digital marketing capabilities through augmented reality and artificial intelligence. This multi-channel agreement aims to improve virtual try-ons, skin diagnostics, and personalized shopping experiences for well-known brands like CoverGirl and Sally Hansen. Additionally, the partnership seeks to enrich in-store experiences, aligning with current consumer preferences for hygiene and safety. The initiative is part of Coty's broader 'Digital-First Omnichannel' strategy.
Coty Inc. (NYSE: COTY) has announced the pricing of a public secondary offering of 50,000,088 shares of its Class A common stock by KKR Rainbow Aggregator L.P. at $8.53 per share. The shares will be issued upon the conversion of 285,576 shares of Coty’s Series B Convertible Preferred Stock held by KKR. Post-offering, KKR will retain approximately 10.9% of Coty’s outstanding Class A common stock. The offering is expected to close on September 10, 2021, subject to customary conditions. Morgan Stanley is the underwriter for the offering.
Coty Inc. (NYSE:COTY) announced a registered public secondary offering of 50,000,000 shares of its Class A common stock, all sold by KKR Rainbow Aggregator L.P. Coty will not sell any shares or receive any proceeds from this offering. Morgan Stanley is the underwriter for this transaction. The offering will follow an effective registration statement and a prospectus. Interested parties can access relevant documents through the SEC's website. This press release does not constitute an offer or solicitation to buy securities in any jurisdiction where it would be unlawful.
Coty Inc. reported revenues of $4.63 billion for FY21, exceeding guidance with 89.6% YoY growth in Q4. The Americas and Asia Pacific regions saw significant recovery, particularly in prestige products. Coty's e-commerce sales surged, contributing to a gross margin of 60%. Despite a reported operating loss of $48.6 million for FY21, adjusted EBITDA reached $760.4 million. The company is on track for low teens sales growth in FY22 and plans a partial IPO of its Brazil business to enhance growth. Cost savings exceeded expectations with $330 million in FY21.
Coty Inc. (NYSE: COTY) has appointed Constantin Sklavenitis as Chief Prestige Brands Officer, effective September 6. Sklavenitis comes from M·A·C Cosmetics, where he was Senior Vice President and General Manager of North America. He will report to CEO Sue Y. Nabi and oversee strategic growth in prestige makeup and skincare. Nabi highlighted Sklavenitis' extensive experience of over 24 years in beauty and retail as a critical asset for enhancing Coty's prestige offerings. This leadership change aims to bolster Coty’s global market share in luxury fragrances and cosmetics.
Coty Inc. (NYSE: COTY) is relaunching Kylie Cosmetics with clean, vegan formulas and new packaging. The brand will be available globally at select retailers and on a new Direct-to-Consumer website starting July 15. Kylie Jenner emphasizes the use of high-performance ingredients without harmful additives. The new product range includes long-lasting lip kits and blush that enhance skin health. Coty aims to cater to Gen Z with this revamped line, which will also debut at Ulta Beauty in August, allowing consumers to shop their entire beauty routine in one place.
Calvin Klein, a subsidiary of PVH Corp, launched a global advertising campaign for the new men's fragrance Calvin Klein Defy, featuring actor Richard Madden. The campaign represents a journey of defiance, showcased through Madden's authentic moments. The fragrance, crafted by renowned perfumers, combines citrus, vetiver oil from Haiti, and amber notes, encapsulating modern masculinity. It's available in select countries and will roll out globally. To celebrate, a Twitch tournament will offer consumers a chance to engage with top streamers and win prizes.
Coty Inc. (NYSE: COTY) announces the departure of Chief Supply Officer and Head of R&D, Richard Jones, effective June 30. Jones has contributed significantly to Coty's supply chain efficiency, particularly during the pandemic. CEO Sue Y. Nabi lauds his impact and mentions that Coty will split his role into two separate positions to enhance focus on Supply Chain and R&D. New appointments will be revealed shortly, while current leaders will temporarily take over his responsibilities.