Coty, Inc. (COTY) Updates on P&G Beauty Brands Deal; Boosts Cost Savings Outlook

Coty Inc. Announces Update on Transaction with P&G Beauty Brands

May 3, 2016 7:55 AM EDT

Merger to Create a New Global Leader and Challenger In The Beauty Industry

Anticipated Meaningful EPS Accretion Due to Approximately $780 million of Cost Synergies

Expected to Close October 2016

NEW YORK--(BUSINESS WIRE)-- Coty Inc. (Coty) (NYSE: COTY) today announced an update on its transaction with The Procter & Gamble Company (P&G),... More

Coty Inc. Reports Third Quarter Fiscal 2016 Results

May 3, 2016 7:00 AM EDT

On Track to Deliver Full Year 2016 Profit Targets

Very Good Progress on the P&G Merger and Hypermarcas Integration

NEW YORK--(BUSINESS WIRE)-- Coty Inc. (NYSE: COTY) today announced financial results for the third quarter of fiscal year 2016, ended March 31, 2016.

                      Results at a glance       Three Months Ended March 31, 2016       Nine Months Ended March 31, 2016       Change YoY       Change YoY (in millions, except per share data)     Reported Basis      

     Constant          Currency     

  Reported Basis      

     Constant          Currency     

Net revenues $       950.7 2 % 5 % $     3,273.5 (3 %) 4 % Like-for-like* (1 %) (1 %)... More