Coty news and archive

Coty unveils new project for niche fragrances

Beauty giant Coty has expanded its fragrance offering with the launch of Infiniment Coty Paris, a project that the company has said is its “most ambitious” to date. The collection, which is expected to launch globally in 2024, will include a range of 14 scents and is the first fragrance with patents pending for both its formulation and...

ManagementFeatured

Coty raises FY outlook on strong Q3

Coty has upped its full-year outlook after reporting robust sales and profit growth in the third quarter. The beauty and cosmetics giant reported sales of 1.29 billion dollars in the three months ended March 31, which was “well ahead of expectations”, and was 9 percent higher than the same period a year earlier. The increase also came despite a...

ManagementFeatured

Coty considers dual listing, extends CEO partnership

Beauty and cosmetics giant Coty has revealed that it is exploring a dual listing on the Paris Stock Exchange (PAR) as it looks to strengthen its presence in the European market. If the company goes ahead with the listing process, it will add to its already long-standing place on the New York Stock Exchange (NYSE) and would allow for it to reach...

Business

Coty unveils ‘first globally distributed’ perfume using 100 percent recycled carbon emissions

Beauty giant Coty has unveiled a new fragrance which it said is the first manufactured using alcohol from 100 percent recycled carbon emissions to be globally distributed. The eau de parfum ‘Where My Heart Beats’ is the latest in Gucci’s The Alchemist’s Garden collection, a series that draws inspiration from the art of alchemy. The fragrance...

Report

Coty updates FY sales outlook

Coty has upped its fiscal 2023 guidance based on its third-quarter sales growth. The US beauty giant said Thursday its core Q3 like-for-like sales growth is tracking at 10 percent, reflecting an acceleration from the 7 percent like-for-like growth it saw in the second quarter. Based on those numbers, the company now expects FY23 core...

ManagementFeatured

Coty raises earnings outlook on strong Q2 results

Second quarter reported net revenues at Coty of 1,523.6 million dollars decreased 3 percent, including a negative foreign exchange impact of 7 percent, while like-for-like revenue increased 4 percent, driven by a 3 percent increase in Prestige and a 6 percent increase in Consumer Beauty. Year-to-date reported net revenues of 2,913.6 million...

Business

Coty calls on dictionaries to update beauty-related terms in new campaign

Beauty conglomerate Coty has unveiled a new campaign calling on dictionaries to modernise and update their definitions of beauty. Entitled ‘#UndefineBeauty’, the campaign recognises that current English language definitions of the term ‘beauty’ are “outdated” and “no longer reflect the values of today’s society”, a press release read. The...

Business

Coty renews Jil Sander partnership with plan to move into ultra-premium segment

Beauty conglomerate Coty has announced the renewal of its licensing agreement with Jil Sander, extending the duo’s long-running partnership. Next to the development of a 10-year strategic project which aims to strengthen the existing business, the deal will also see the Jil Sander brand step into the global ultra-premium fragrances’ segment for...

Business |Beauty Featured

Lacoste buys back fragrance license and signs with Interparfums SA

French fashion and sportswear label Lacoste has bought back its fragrance license from Coty for an undisclosed sum and signed a new deal with Inter Parfums, Inc.’s majority-owned Paris-based subsidiary, Interparfums SA. In a statement released from Coty, the beauty company said that the selling back the fragrance license was by “mutual agreement...

Business

Hugo Boss, Coty Renew License Deal

Hugo Boss AG, a German luxury fashion house, and Coty Inc. (COTY), an American-French beauty company, said on Tuesday that they renewed their license deal beyond 2035, including all Boss and Hugo fragrances for men and women. With this move, Coty has renewed its license for the next six years. The average remaining duration of Coty's top six...

Report

Coty Q1 revenue ahead of estimates

US beauty giant Coty has topped revenue estimates in the first quarter of the year. In the three months to September 30, net revenue came in at 1.39 billion, slightly above Wall Street estimates. Revenue was 1 percent higher than a year ago, or 9 percent higher on a like-for-like basis. That revenue increase was driven by like-for-like growth in...

Report

Coty aims to double skincare sales by fiscal 2025

US beauty giant Coty has set out a target to double its skincare sales by fiscal year 2025, “with further acceleration in FY26 and beyond”. CEO Sue Y. Nabi told investors the company is on track to increase skincare sales to between 500 million dollars and 600 million dollars in the coming three years. “Coty’s skincare portfolio is one of the...