COTY said on Tuesday it had agreed to return the Gucci Beauty license to Kering for about $400 million, ending the agreement about a year early as the US cosmetics group raises cash to cut debt and invest in core brands.
New York, 7 July 2026 - Coty Inc ...COTY) ("Coty" or "the Company") today announced that it has entered into an agreement to transition the Gucci Beauty license back to Kering for a consideration of approximately $400 million.
Coty Inc ...COTY) (Paris. COTY) ("Coty" or "the Company") today announced that it has entered into an agreement to transition the Gucci Beauty license back to Kering for a consideration of approximately $400 million ... About Coty Inc.
In connection with the deal, Kering expects to license out the Gucci beauty brand to L’Oréal starting in mid-2027, which will begin their 50-year exclusive licensing agreement ahead of schedule ... .
New York, July 2, 2026 - Today, Coty Inc ...COTY) (Paris. COTY) announced a set of organizational changes that advance its Coty.Curated strategy by bringing commercial decision-making closer to the center and enabling the company to move faster ... Coty Inc.
DETROIT — The Detroit Pistons have lost one of their most important players during their resurgence over the past two years. Tobias Harris. Harris has signed a two-year, $31 million deal with the San Antonio Spurs, leaving the Pistons behind, ... .