Coty

Equilar 100: A Snapshot of the Highest-Paid CEOs in America

Retrieved on: 
Tuesday, April 23, 2024
Finance, Data Analytics, Professional Services, Technology, Software, Apple, Palo Alto Networks, Coty, Acceleration, Cryptocurrency

The highest-paid CEO on this year’s list is Broadcom’s Hock E. Tan, who was awarded a pay package of nearly $162 million in 2023.

Key Points: 
  • The highest-paid CEO on this year’s list is Broadcom’s Hock E. Tan, who was awarded a pay package of nearly $162 million in 2023.
  • The acceleration in CEO compensation was largely driven by the rise in stock award values.
  • Among Equilar 100 CEOs in 2023, stock awards made up nearly 65% of median total compensation.
  • For all companies featured in this year’s Equilar 100 list, the median fiscal year-end revenue was $25.1 billion in 2023.

NRDC Equity Partners and BB Kapital SA acquire Galeria Karstadt Kaufhof GmbH out of insolvency

Retrieved on: 
Wednesday, April 10, 2024
Accounting, Professional Services, Luxury, Department Stores, Commercial Building & Real Estate, Asset Management, Construction & Property, Fashion, Cosmetics, Retail, Legal, Finance, Home Goods, Negotiation, Coty, Procter, Investment, P&G, NRDC Equity Partners, Weil, Gotshal & Manges, Coty Inc., LVMH, Perfume, Acquisition, Christian Dior, BRL, Orientation, Galeria Karstadt Kaufhof, Knowledge, Procter & Gamble, NRDC, Security (finance)

NRDC Equity Partners, a New York-based investment firm, alongside investment firm BB Kapital SA, Bernd Beetz’s family office, have undertaken the acquisition of Galeria Karstadt Kaufhof GmbH (Galeria).

Key Points: 
  • NRDC Equity Partners, a New York-based investment firm, alongside investment firm BB Kapital SA, Bernd Beetz’s family office, have undertaken the acquisition of Galeria Karstadt Kaufhof GmbH (Galeria).
  • The consortium of NRDC Equity Partners and BB Kapital SA is pursuing the takeover and financing of Galeria as part of an insolvency plan.
  • Insolvency administrator Stefan Denkhaus says, “We have been negotiating intensively with two potential investors, and, together with the creditors' committee, we have selected two investment firms, BB Kapital SA and NRDC Equity Partners.
  • “Three months ago, we set in motion a plan to secure the future of Galeria Karstadt Kaufhof by filing for insolvency proceedings,” said Olivier van den Bossche, CEO of Galeria Karstadt Kaufhof GmbH.

Coty and Etro Embark on New License Agreement

Retrieved on: 
Tuesday, February 20, 2024
Cosmetics, Retail, Luxury, Fashion, Multimedia, Coty Inc., Skin, Life, Creativity, Coty, COTY, Partnership, Perfume

Coty and Etro will work together to explore new categories and innovations to grow the brand’s beauty portfolio.

Key Points: 
  • Coty and Etro will work together to explore new categories and innovations to grow the brand’s beauty portfolio.
  • View the full release here: https://www.businesswire.com/news/home/20240219544270/en/
    This deal establishes a long-term partnership between Coty and Etro, one that is anchored in the companies’ shared values of innovation, exploration, community, and creativity.
  • Etro is an iconic brand with a long-standing heritage of excellence that is reflected across every facet of its business.
  • This agreement further underscores Coty’s focus on fashion driven licenses with significant multi category potential which resonate with consumers in our key markets.

Buckeye Basements Named NARI Regional CotY™ Winner

Retrieved on: 
Wednesday, February 28, 2024
CAE, National Association, NARI, CNAP, Best, Houzz, Coty

COLUMBUS, Ohio, Feb. 28, 2024 /PRNewswire/ -- The National Association of the Remodeling Industry (NARI) named Buckeye Basements, Inc in Columbus the 2024 Regional Contractor of the Year winner in the following categories:

Key Points: 
  • COLUMBUS, Ohio, Feb. 28, 2024 /PRNewswire/ -- The National Association of the Remodeling Industry (NARI) named Buckeye Basements, Inc in Columbus the 2024 Regional Contractor of the Year winner in the following categories:
    "We feel incredibly honored to be CotY award winners in addition to being recognized as Best of Houzz 2024 for Design & Service recipients," says co-owner and founder Jon Smith.
  • Each year, NARI presents CotY Awards to members who demonstrate outstanding work through their remodeling projects.
  • "NARI CotY winners represent the best of the best in the remodeling industry," says NARI Co-CEO Tracy Write, CAE, CNAP.
  • NARI will honor all Regional Winners and announce National Winners at the Evening of Excellence live on April 5, 2024.

Coty Announces Extension of Its Licensing Partnership With Mexx

Retrieved on: 
Thursday, February 1, 2024
Cosmetics, Retail, Fashion, Coty, Coty Inc., Partnership, Multimedia, Skin, Life, Mexx, COTY

The partnership, which began in 2016, has been extended for more than 25 years, encompassing all Mexx fragrances and colognes.

Key Points: 
  • The partnership, which began in 2016, has been extended for more than 25 years, encompassing all Mexx fragrances and colognes.
  • View the full release here: https://www.businesswire.com/news/home/20240131329084/en/
    Sue Nabi, Coty’s CEO, said: “We are delighted to further strengthen our thriving relationship with Mexx.
  • This long-term extension of our partnership will enable us to accelerate the brand’s momentum and fuel ambitious expansion plans into dynamic new markets and categories.
  • In 2023, Mexx unveiled a series of limited-edition fragrances that received widespread consumer acclaim, from the Mexx “Summer Bliss” mood boosting fragrance to the “Mexx Black & Gold” holiday fragrance.

Coty renews long-term license partnership with bruno banani

Retrieved on: 
Thursday, February 1, 2024
Women, Men, Lifestyle, Consumer, Fashion, Luxury, Cosmetics, Retail, Partnership, Coty Inc., Multimedia, Growth, Life, Coty, Skin, Beauty, Man and Woman, COTY, Female

View the full release here: https://www.businesswire.com/news/home/20240131121030/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240131121030/en/
    Coty renews long-term license partnership with bruno banani.
  • (Photo: Business Wire)
    Sue Nabi, Coty’s CEO, said: “I am delighted we have renewed our highly successful partnership with bruno banani as the brand celebrates its 30th anniversary.
  • Since winning the license in 2015, Coty has cemented bruno banani’s position as Germany’s leading fragrance brand with the iconic Man and Woman.
  • “We are excited to extend our dynamic partnership with Coty as we continue to bolster the positioning of our brand in beauty.

COVERGIRL Launches NEW Simply Ageless Skin Perfector Essence, A Skincare + Makeup Hybrid for a Radiant Bare-Skin Filter Effect

Retrieved on: 
Tuesday, December 12, 2023
Cosmetics, Retail, Consumer, Department Stores, Women, Supermarket, Formula, Finger, Gold, Coty, Skin, Cruelty Free International, Ageless, Senior, Ageing, Trial of the century, Water

NEW from COVERGIRL, Simply Ageless Skin Perfector Essence is a skincare-makeup hybrid that delivers sheer coverage for a radiant complexion.

Key Points: 
  • NEW from COVERGIRL, Simply Ageless Skin Perfector Essence is a skincare-makeup hybrid that delivers sheer coverage for a radiant complexion.
  • The Simply Ageless Skin Perfector Essence is infused with powerful skincare ingredients known to nourish skin and fight signs of aging.
  • Simply Ageless Skin Perfector Essence can be worn alone, as a primer, or mixed with your favorite foundation for a radiant, bare-skin filter effect.
  • Simply Ageless Skin Perfector Essence is available everywhere COVERGIRL is sold, in the makeup aisle.

Coty Expands Global Parental Leave Policy in FY23 Sustainability Report

Retrieved on: 
Tuesday, November 28, 2023
Environmental, Social and Governance (ESG), Other Retail, Cosmetics, Retail, Professional Services, Sustainability reporting, Sustainability, NYSE, Château Bélair-Monange, Recycling, Multimedia, Coty Inc., Coty, Cruelty Free International, Science Based Targets initiative, Philosophy, Parental leave, Workplace, Beauty, COTY, Chief sustainability officer, Renewable energy, Management

Today, Coty Inc. (NYSE: COTY) announces a significant expansion of its global gender-neutral parental leave policy in its 2023 Sustainability Report (reported as July 2022 to June 2023).

Key Points: 
  • Today, Coty Inc. (NYSE: COTY) announces a significant expansion of its global gender-neutral parental leave policy in its 2023 Sustainability Report (reported as July 2022 to June 2023).
  • View the full release here: https://www.businesswire.com/news/home/20231127974163/en/
    As part of its dedication to its People pillar, Coty expands its gender-neutral parental leave policy, established in 2022.
  • Coty CEO Sue Nabi shares, "Aligned with our broader sustainability goals across Product, Planet, and People, our expanded gender-neutral parental leave policy underscores our holistic approach to sustainability for long-term success.
  • Please refer to Coty’s Sustainability Report for more on Coty’s FY23 sustainability milestones and its ESG Index for a comprehensive overview of Coty’s ESG data and policies.

Coty Increases Share Repurchase Program by $600 Million to Accommodate Planned Hedged Share Buyback Transaction of Additional 25 Million Shares

Retrieved on: 
Monday, November 13, 2023
Cosmetics, Retail, Other Retail, Common stock, Share repurchase, NYSE, Inc., Coty Inc., COTY, Cryptocurrency, Coty

Coty Inc. (NYSE: COTY) today announced that its Board of Directors has increased its share repurchase program authorization by an additional $600 million to a total availability of approximately $1 billion.

Key Points: 
  • Coty Inc. (NYSE: COTY) today announced that its Board of Directors has increased its share repurchase program authorization by an additional $600 million to a total availability of approximately $1 billion.
  • These agreements are in addition to the Company’s previously announced hedge transactions for planned buyback of 27 million shares in 3Q FY24 and 23 million shares in FY25.
  • Similar to the initial hedge transactions executed in June and December 2022, any total return swap settled in shares would be covered by the Company’s share repurchase authorization.
  • The three hedge transactions are part of Coty's target to reduce its diluted share count toward 800 million by FY26.

Coty Delivers Very Strong Start to FY24 with Growth Ahead of Beauty Market

Retrieved on: 
Tuesday, November 7, 2023
Fashion, Luxury, Cosmetics, Retail, Specialty, Elixir, Aroma compound, Social media, Consumer, FX, COTY, Travel, EPS, Partnership, Château Bélair-Monange, CET, Philosophy, Visibility, COGS, Yoy, Sale, Coty Inc., Carbon, GAAP, Internet, Trust, Marketing, Lacoste, Sport, Sustainability, Beauty, ESG, Adidas, Common stock, Growth, Burberry, Share repurchase, Female, NYSE, LFL, EBITDA, Senior, Inc., Table, Renewable energy, Music, Perfume, Pharmaceutical industry, Financial services, Cryptocurrency, Security (finance), Telescopic sight, Bookkeeping, Commercial property, Q3, Coty, Euronext Paris, CoverGirl, Prestige, Nautica, Wella, Q1, Risqué, Rimmel

The Company continued to deliver strong financial momentum, with growth once again ahead of the beauty market, while consistently executing across its strategic growth pillars.

Key Points: 
  • The Company continued to deliver strong financial momentum, with growth once again ahead of the beauty market, while consistently executing across its strategic growth pillars.
  • Prestige revenues grew at a very strong rate in Q1, accelerating to 23% growth as reported and 22% growth LFL.
  • The Consumer Beauty business saw particular momentum in e-commerce, with over 25% LFL sales growth, delivering share gains in the channel.
  • The performance was driven by strong double-digit percentage growth LFL in Prestige and high-single-digit percentage growth LFL in Consumer Beauty.