Jun. 20 at 7:54 PM
Rumour:
$COTY is seeking buyers for a sell of the company in 2 parts:
1) Luxury segment - Hugo Boss, Jil Sander, Gucci & Burberry
2) Consumer division - CoverGirl, Rimmel London & Max Factor
Coty was in discussions w/ premium perfume maker Interparfums about the sale of its luxury business - Interparfums is said to have had already made an offer to Coty for the blockbuster Burberry license, which Interparfums previously held thru end-2013
Burberry Goddess, released in 2023, remains Coty’s biggest launch ever & Hugo Boss became the number-2 men’s fragrance franchise in Europe in the 2nd half of last year
Gucci license ends in 2028 & unlikely to be renewed - Kering is planning to build out its beauty division.
Coty has also been trying to sell its remaining 3.6% stake in hair care giant Wella
Coty divested their 20% stake in Skkn, Kim Kardashian’s beauty business, in March
Coty has a 51% stake in Kylie Cosmetics (acquired 51% in 2019 at a valuation of
$1.2B)
