Coty

Coty's origins date back to 1904, when French entrepreneur François Coty launched the company in Paris that still bears his name today. Coty, which is now listed on the stock exchange, owns the Astor, Opi and Lancaster brands and employs more than 8,000 people worldwide.

Markus Strobel is set to take the helm as interim CEO and executive chairman of the American cosmetics titan starting January 1, 2026, following Sue Nabi’s departure. With three decades of experience at Procter & Gamble, Strobel is ready to lead the charge.

Coty Completes Wella Exit: Sells 25.8% Stake to KKR for $750 Million

Ahead of its 2026 schedule, the American company completes its brand divestment, fortifying its financial position with a $750 million boost. The arrangement includes a stake-sharing mechanism for any subsequent sale.

Coty Moves Forward with Restructuring: President and CEO Step Down

JAB Holding, the powerhouse behind the American beauty company, initiates a strategic overhaul of its executive suite amid declining performance and increasing competition.

Luxury Beauty Standoff: Coty Takes Legal Action Against Kering Over Gucci License Dispute

As the beauty industry’s giants clash, the Swiss branch of the American company has accused Gucci and Kering in a UK tribunal over their beauty license deal, which expires in 2028, aligning with L’Oréal’s potential market debut.

Coty Faces Slump Amid Countdown to Gucci License Conclusion

With a 6% dip, the U.S. beauty powerhouse reports $1.58 billion in sales as the year begins. While the company predicts a rebound in the second half, it must navigate the looming exit of Gucci, anticipated by 2028.

Coty Merges Beauty and Fragrance Divisions, Signals Potential Divestitures

Coty’s leadership shake-up sees the appointment of a new president for its cosmetics line, as the company weighs ‘divestitures and spin-offs’ in response to ongoing industry rumors.

The cosmetics giant wrapped up the fiscal year with a revenue of $5.893 billion, falling short of the previous year’s performance. After dipping into the red in the third quarter, the company remains in negative territory.

According to U.S. media reports, beauty giant Coty is said to be exploring a potential two-step divestiture of its luxury and mass-market businesses, with groups Interparfums and Kering reportedly among the key players involved.

Leonard A. Lauder, chairman emeritus of The Estée Lauder Companies, passed away on June 14 at age 92. Son of company founders Josephine Esther Mentzer and Joseph Lauder, he helped shape the U.S. giant into a global powerhouse.

The professional beauty division, which includes Wella, Ghd or Clairol, could be sold for $8 billion.

In addition to the incorporation of Pierre Denis as CEO, Coty also appointed a new chief operating officer and two non-executive directors of the board to accelerate the company’s growth.

The American cosmetic group has closed the first six months of 2020 with a net income of 39 million dollars.

Sergio Pedreiro will join the American-based cosmetic group as chief operating officer, with the aim of restructuring and transforming the company’s operations.

The American cosmetic company, which acquired a majority stake in the brand last November, has created a new roadmap for the company with a new chief executive officer.

Pascal Baltussen will assume his position on January 1 and will report directly to Coty’s CEO Pierre Laubies. Last November the cosmetics company appointed Richard Jones, former Kering as global chief supply officer.

Large consumer goods companies have released their offers for some of the brands of the group valued at 7 billion dollars (6.3 billion euros).

The American cosmetics giant has acquired 51% stake of the influencer company. The plans of both companies go through focusing on the global expansion of the brand.

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Coty

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