Coty to receive $400M to exit Gucci Beauty license early
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/23/2026
- Wall St falls as tech earnings spark AI spending worries; oil hits $100
- Google increases capex forecast again after cloud-driven quarterly beat
- As Musk pivots beyond cars, Tesla’s autos engine is under strain
- RTX stock jumps as company lifts guidance after Q2 beat
- Dollar hits new 40-year high versus yen, euro softer after ECB stands pat on rates
Coty Announces Agreement With Kering for Early Transition of Gucci Beauty License
July 7, 2026 4:15 PM EDTCoty to receive approximately $400 million in consideration for the early termination plus sale of sufficient Gucci Beauty inventory to support the transition Coty to continue operating Gucci Beauty through at least June 30, 2027 Proceeds expected to support debt paydown, reinvestment in Cotys core prestige fragrance and beauty brands, and optimization of organizational set-up
NEW YORK--(BUSINESS WIRE)-- Regulatory News:
Coty Inc. (NYSE: COTY) (Paris: COTY) (Coty or the Company) today announced that it has entered into an agreement to... More
