USA: Coty signs agreement for early transition of Gucci Beauty license
Coty, the USA-based beauty company, has entered into an agreement to transition the Gucci Beauty license back to Kering for a consideration of approximately $400 million. Under the terms of the agreement, Coty will continue to operate the Gucci Beauty brand until at least 30th June 2027, ending the license approximately one year ahead of […]
USA: Coty completes divestment of Wella
Coty, the American beauty multinational, has finalised the sale of its remaining 25.8% stake in haircare brand Wella to the global investment firm KKR. Under the terms of the agreement, Coty will receive an upfront cash payment of $750 million. Furthermore, the company retains the right to 45% of any future proceeds from a potential […]
Brazil: Coty to expand deodorant factory
Global beauty company Coty has announced it is expanding a deodorant factory in Brazil which it first opened in 2012. According to Newtrade, the R$20 million ($3.7 million) expansion at Coty’s Goias plant will increase production capacity for aerosol deodorants by 30%, adding one new production line in addition to the three that are currently operating. The investment will […]
USA: Coty to sell majority stake of hair care business for $4.3 billion
The global beauty company Coty has announced the sale of the majority stake of its Professional Beauty and Retail Hair Businesses for $4.3 billion to global investment firm KKR. Owner of brands such as Clairol, OPI, ghd, and Wella, Coty is one of the biggest beauty companies making cosmetics, skincare, fragrances, and hair colour products […]
USA: Coty takes majority stake in Kylie Cosmetics
Coty, the global fragrance and cosmetics firm, has announced it has taken a 51% stake in Kylie Cosmetics, the beauty brand owned by media personality Kylie Jenner, for $600 million. Kylie Cosmetics offers a range of lip, eye and face make-up, and generates around $177 million in annual turnover. Coty said the strategic partnership would allow […]
USA: Coty to manufacture toiletries under Burberry licence
Coty, the leading fragrance and toiletries manufacturer, has announced that that it has entered into an agreement to acquire the exclusive long-term global license rights for Burberry Beauty luxury fragrances, cosmetics and skincare. “This strategic partnership combines Burberry’s British heritage of innovation, craftsmanship and design with Coty’s expertise and leadership in luxury beauty products”, the company […]
UK: Coty to close Seaton Delaval site
US-based multinational beauty products manufacturer Coty has announced its intention to shut down its facility in Seaton Delaval, Northumberland, United Kingdom by the end of next year. According to sources, the cosmetics and perfumes maker wants to consolidate its fragrances operations into “fewer core centres”. “These proposals are the result of a detailed study of […]
Germany: Coty to close Hunfeld site
Coty, the global producer of cosmetics and toiletries, is set to close its Wella facility in Hunfeld, Hesse, Germany with the potential loss of 380 jobs, according to a report in Hessenschau. Once a final decision on the site’s future is taken, it is expected that it will close its doors by the end of […]
USA: Coty acquires majority stake in Younique
Coty, the global beauty and personal care firm, has announced that it has entered into a partnership with Younique, a social selling platform for beauty products, that will see it take a 60% stake in the firm. Founded in 2012 in the USA, Younique is described as offering a range of makeup and skin care products […]
USA: P&G to relinquish multiple personal care brands
P&G, the leading FMCG multinational, has confirmed the 43 health and beauty brands it is selling to cosmetics firm Coty, according to a report in Cosmetics Business. The sale will affect brands in professional hair care, retail hair care, fragrances and cosmetics. Some of the larger brands being divested are Nice N’ Easy hair colour, […]