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Coty Inc. (NYSE: COTY) is one of the world's largest and most well-established beauty companies. With approximately $9 billion in revenue, Coty is dedicated to celebrating and liberating the diversity of consumers' beauty. The company's strong entrepreneurial heritage has led to the creation of an iconic portfolio of leading beauty brands.
Core Divisions
- Coty Consumer Beauty: This division focuses on color cosmetics, retail hair coloring and styling products, body care, and mass fragrances. Notable brands under this segment include CoverGirl, Max Factor, and Rimmel.
- Coty Luxury: This division is dedicated to prestige fragrances and skincare, representing brands such as Calvin Klein, Marc Jacobs, Hugo Boss, Gucci, and Philosophy.
- Coty Professional Beauty: This segment aims to serve salon owners and professionals in hair and nail care, featuring brands like Wella Professionals and Sebastian Professional.
Market Position
Coty is the global leader in fragrances, second in professional salon hair color and styling, and third in color cosmetics. The company generates about 59% of its sales from fragrances, 28% from color cosmetics, 8% from body care, and 5% from skincare.
Strategic Partnerships and Collaborations
Coty licenses luxury and high-end brand names including Gucci, Burberry, Hugo Boss, Davidoff, and Calvin Klein for its fragrance business. In the consumer cosmetics segment, the company focuses on mass brands acquired over time, such as CoverGirl, Max Factor, Rimmel, Sally Hansen, and Bourjois. Coty also collaborates with social media celebrities like Kim Kardashian and Kylie Jenner to launch makeup products under their names.
Global Reach
Coty operates worldwide, generating close to 45% of its sales from Europe, 42% from the Americas, and 13% from the Asia-Pacific region. The company's controlling shareholder is the German investment firm JAB, holding a 53% stake.
Stay updated with the latest news and developments from Coty Inc. to understand its market performance and strategic initiatives.
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Coty (COTY) wins Euronext Best Listing Award in Large Cap category, raising €339.2 million in successful secondary listing on Euronext Paris. Sue Nabi, CEO, expresses pride in the achievement and thanks European investors for their trust. The award recognizes Coty's global offering and marks a significant milestone in the company's growth strategy.
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Coty Inc. announces a new partnership with HERSHEY'S KISSES for a limited-edition nail polish collection just in time for Easter. The Sally Hansen® x HERSHEY'S KISSES collection features Insta-Dri® polishes and Salon Effects® Perfect Manicure nails inspired by the iconic chocolate brand's foil wrapping and paper plume.
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Calvin Klein Fragrances, a division of Coty Inc., announces Idris and Sabrina Elba as the faces of Calvin Klein ETERNITY AROMATIC ESSENCE fragrance campaign. The campaign captures moments of intimacy, inspired by eternal love, with a fresh and impactful approach. The fragrances for men and women feature a unique coconut note and are crafted by renowned perfumers. The campaign will be supported globally across various media platforms.
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Coty (COTY) completes the repurchase of 27 million shares at an attractive price, showcasing commitment to shareholder value. The company aims to reduce outstanding share count to around 800 million shares by 2025.
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Coty reiterates its FY24 outlook of +9-11% LFL revenue growth and +11-12% adjusted EBITDA growth. The company reaffirms its medium-term algorithm for LFL revenue growth at the upper end of +6-8% and adjusted EBITDA at 9-11%. Coty is on track to reach ~2x leverage exiting CY25, showcasing strong financial progress and market positioning.
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Coty Inc. signs a new long-term partnership with luxury Italian fashion house Etro to produce and distribute fragrance lines and home scent collections beyond 2040. The collaboration aims to explore new categories and innovations to expand the brand's beauty portfolio, reinforcing Coty's reputation as a go-to partner for global brands. Sue Nabi, Coty's CEO, and Fabrizio Cardinali, Etro's CEO, express excitement about the partnership and highlight the shared values of innovation and quality.
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Coty Inc. (COTY) filed its quarterly report on Form 10-Q for the fiscal quarter ended December 31, 2023 with the SEC. The report provides insights into the company's financial performance and can be accessed on the SEC's website.
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Coty Inc. reported strong Q2 and 1H24 sales that exceeded expectations, with Q2 sales growing 13% and 11% LFL, and 16% and 14% LFL growth for the first half. The company saw robust growth in both Prestige and Consumer Beauty categories, with strong momentum in fragrances, cosmetics, and skincare. Coty also experienced significant growth in e-commerce revenue, with over 20% growth for both Prestige and Consumer Beauty. The company also saw double-digit percentage LFL revenue growth across all regions. Operating income grew 19% to $236.7 million in Q2, with adjusted EBITDA growing 15% to $366.4 million. Coty's free cash flow totaled $363.0 million in Q2, with Financial Net Debt at $3.3 billion and Economic Net Debt at $2.2 billion at quarter end. The company also announced a new luxury license with Marni and multiple license extensions, further strengthening its portfolio.
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Sally Hansen Miracle Gel™ polish celebrates its 10th anniversary with the launch of a special Birthday collection, including a standout orange shade. The collection offers a chip-resistant, salon quality manicure that delivers up to 10 days of color and shine without the use of a UV lamp. The brand has expanded with over 100 shades, becoming a staple for at-home manicure enthusiasts. The birthday collection features 8 festive crème and shimmer shades for a soft glam nail look.
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Coty (COTY) signs a long-term agreement with Italian luxury fashion brand Marni to develop, produce, and distribute fragrances and beauty products beyond 2040. The first offering is expected to launch in 2026, focusing on translating Marni’s creative identity into the realm of beauty. The agreement solidifies Coty’s commitment to strengthening its presence in the luxury fragrance segment through a partnership with Marni, reinforcing its alliance with OTB Group. This move aligns with Coty’s strategic direction of focusing on fashion-driven licenses with multi-category potential, resonating across key markets.
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FAQ
What is the current stock price of COTY (COTY)?
The current stock price of COTY (COTY) is $7.04 as of December 20, 2024.
What is the market cap of COTY (COTY)?
The market cap of COTY (COTY) is approximately 6.1B.
What is Coty Inc. known for?
Coty Inc. is known for being one of the largest beauty companies globally, specializing in fragrances, color cosmetics, and professional salon products.
What are the main divisions of Coty Inc.?
Coty operates three main divisions: Coty Consumer Beauty, Coty Luxury, and Coty Professional Beauty.
Which brands are under Coty Consumer Beauty?
Coty Consumer Beauty includes brands like CoverGirl, Max Factor, and Rimmel.
Who are Coty's strategic partners?
Coty licenses luxury brands such as Gucci, Burberry, Hugo Boss, Davidoff, and Calvin Klein, and collaborates with social media celebrities like Kim Kardashian and Kylie Jenner.
Where does Coty generate most of its sales?
Coty generates close to 45% of its sales from Europe, 42% from the Americas, and 13% from the Asia-Pacific region.
What is the financial condition of Coty Inc.?
Coty Inc. has approximately $9 billion in revenue.
Who is the controlling shareholder of Coty Inc.?
The German investment firm JAB is the controlling shareholder of Coty Inc., with a 53% stake.
What is Coty's market position in the beauty industry?
Coty is the global leader in fragrances, second in professional salon hair color and styling, and third in color cosmetics.
Are there any recent collaborations by Coty Inc.?
Yes, Coty collaborates with social media influencers Kim Kardashian and Kylie Jenner for makeup products.
What percentage of Coty's sales come from fragrances?
Approximately 59% of Coty's sales come from fragrances.
COTY INC
NYSE:COTY
COTY Rankings
COTY Stock Data
6.09B
342.34M
60.63%
38.3%
1.38%
Household & Personal Products
Perfumes, Cosmetics & Other Toilet Preparations
United States of America
NEW YORK