Coty to receive $400M to exit Gucci Beauty license early
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Coty Announces Agreement With Kering for Early Transition of Gucci Beauty License
July 7, 2026 4:15 PM EDTCoty to receive approximately $400 million in consideration for the early termination plus sale of sufficient Gucci Beauty inventory to support the transition Coty to continue operating Gucci Beauty through at least June 30, 2027 Proceeds expected to support debt paydown, reinvestment in Cotys core prestige fragrance and beauty brands, and optimization of organizational set-up
NEW YORK--(BUSINESS WIRE)-- Regulatory News:
Coty Inc. (NYSE: COTY) (Paris: COTY) (Coty or the Company) today announced that it has entered into an agreement to... More
