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) 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.
Rhea-AI Summary
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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Coty Inc. (COTY) renews its license agreement with bruno banani for over twenty years, marking a successful partnership with significant growth in fragrance and body care lines. The CEO, Sue Nabi, expresses delight in the renewal, highlighting the brand's success and plans for further growth in female fragrances and attracting younger consumers.
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Coty Inc. (NYSE: COTY) announces the renewal of their license agreement with Mexx, extending their partnership for more than 25 years. The agreement encompasses all Mexx fragrances and colognes. Coty's CEO, Sue Nabi, expressed delight in strengthening the relationship with Mexx and fueling ambitious expansion plans into new markets and categories. The Mexx founders also expressed excitement about the partnership, highlighting the shared values of collaboration, innovation, and sustainability. Mexx's fragrance line, launched in 2000, has become one of the top four fragrance brands in Germany.
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Sally Hansen is launching their first wearable accessories collection, Salon Effects® Nail Accents, along with 6 new shades for the Salon Effects® Perfect Manicure collection. The Nail Accents are easy-to-use nail decals that allow for fun experimentation with nail art without long-term commitment, while the Perfect Manicure shades are inspired by popular social media trends. The new products will be available on January 1, 2024, in various retail locations and online.
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Coty Inc. (COTY) executives will present at upcoming investor events, including Morgan Stanley’s Global Consumer and Retail Conference, SHARE Series Women in Investing, and CAGNY 2024 Conference. Live webcasts will be available for all events.
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Coty Inc. (COTY) announces a significant expansion of its global gender-neutral parental leave policy in its 2023 Sustainability Report. The company sets a global minimum of 14 fully paid weeks for all employees, regardless of gender, exceeding targets across its three pillars: Product, Planet, and People. Coty exceeds its emissions reduction targets, energy reduction, and recycling rate. It commits to setting emissions reduction targets in line with science-based net-zero.
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Coty Inc. (COTY) announced a series of tender offers to purchase for cash up to $150,000,000 aggregate principal amount of the Company’s 6.500% Senior Notes due 2026 and up to $250,000,000 aggregate principal amount of the Company’s 5.000% Senior Notes due 2026, for a total aggregate purchase price of approximately $395 million. The Tender Offers are being made upon the terms and subject to conditions previously described in the Offer to Purchase, dated November 7, 2023.
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Coty Inc. (COTY) announced tender offers to purchase up to $150,000,000 of its 6.500% Senior Notes due 2026 and up to $250,000,000 of its 5.000% Senior Notes due 2026. The early results showed that the aggregate principal amount of each series of Notes validly tendered and not validly withdrawn at the Early Tender Date exceeded the applicable Notes Cap, so the Company will accept for purchase the Notes on a prorated basis.
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FAQ
What is the current stock price of Coty (COTY)?
The current stock price of Coty (COTY) is $5.71 as of February 21, 2025.
What is the market cap of Coty (COTY)?
The market cap of Coty (COTY) is approximately 4.9B.
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
4.93B
344.00M
60.68%
38.04%
1.54%
Household & Personal Products
Perfumes, Cosmetics & Other Toilet Preparations
United States
NEW YORK