COTY (COTY) Company Report

Bleichmar Fonti & Auld LLP is investigating Coty Inc. (NYSE: COTY) for potential violations of federal securities laws.
The investigation stems from allegations that Coty touted strong Prestige fragrance demand while retailers were overstocked with inventory due to declining product demand.
On August 20, 2025, Coty reported disappointing 4Q and FY 2025 financial results, attributing them to factors such as U.S. execution weaknesses, retailer inventory buildup, and a slowdown in cosmetics.
Following this news, Coty's stock price declined $1.05 per share, over 21%, from $4.86 on August 20, 2025, to $3.81 on August 21, 2025.

7 days ago

Press Release

COTY Announces Strategic Focus Post-Gucci License Expiry and Positive Outlook

COTY

Guidance Update

New Projects/Investments

M&A

Coty has publicly announced that the Gucci license will no longer be part of its portfolio after its expiry, leading the company to optimize the Gucci brand tactically and focus on accelerating the rest of its portfolio, particularly ultra-luxury brands and those with strong recent growth.
The company anticipates a better-than-expected Q2 and confirms a return to growth in the second half of the fiscal year, driven by strong U.S. fragrance market momentum, successful new product launches like Boss Bottle Beyond, and declining retailer inventory levels.
Coty is conducting strategic reviews for its Brazil business and color cosmetics business to assess their full potential, with conclusions for the profitable Brazil business ($400 million) expected sooner, potentially involving a new acquirer.
The company emphasizes the strength of its licensing model, noting that 85% of its portfolio consists of owned, perpetual, or long-term licenses, with no single brand accounting for more than approximately 10% of sales, ensuring portfolio diversification.

Nov 6, 2025, 2:30 PM

Transcript

Coty Reports Q1 2026 Results and Provides Outlook

COTY

Earnings

Guidance Update

New Projects/Investments

For Q1 2026, Coty reported that total net revenues declined 8% like-for-like , adjusted gross margin was 64.5% , adjusted EBITDA declined 18% , and adjusted EPS was $0.15.
The company expects Q2 2026 like-for-like sales to be at the more favorable end of -3% to -5% , adjusted EBITDA to decline by a low to mid-teens % , and adjusted EPS of $0.18-$0.21. Coty anticipates net revenues will turn positive in the second half of fiscal 2026.
Coty is committed to becoming a fragrance and scenting powerhouse, expanding into ultra-premium fragrances and fragrance mists, and has shown strong progress in improving execution in the U.S. prestige market.
In Q1, Coty generated over $40 million in productivity savings and $10 million in fixed cost reduction, remaining on track to deliver approximately $200 million in combined fixed cost and productivity savings in fiscal 2026.
A strategic review of the consumer beauty business is underway, which generated $1.2 billion in sales in 2025 with a gross margin of over 60%.

Nov 5, 2025, 9:45 PM

Transcript

Coty Reports Q1 FY26 Results and Updates Guidance

COTY

Earnings

Guidance Update

New Projects/Investments

Coty reported Q1 FY26 net revenues of $1,577.2 million, a 6% decrease on a reported basis and an 8% decrease on a like-for-like (LFL) basis compared to the prior year. Adjusted diluted EPS for the quarter was $0.12, a 20% decrease from the prior year.
The company expects Q2 FY26 LFL sales to be at the more favorable end of prior guidance of a -3% to -5% LFL decline.
Coty anticipates a return to profitable sales growth in H2 FY26 and is targeting $1 billion in adjusted EBITDA for FY26.
Strategic initiatives include a comprehensive strategic review of its mass color cosmetics business and its Brazil business. The company is also actively pursuing the monetization of Wella to support deleveraging efforts.

Nov 5, 2025, 9:31 PM

8-K

L'Oréal Finalizes Kering Beauty Acquisition and Pursues Armani Stake

COTY

M&A

New Projects/Investments

L'Oréal is finalizing its largest acquisition to date, purchasing Kering's beauty division for approximately $4.6 billion.
Concurrently, L'Oréal has expressed interest in acquiring a 15% stake in the Italian luxury company Armani, a move that aligns with the wishes of Armani's late founder.
L'Oréal's CEO, Nicolas Hieronimus, emphasized that the Kering acquisition does not affect their financial capacity or intention to support Armani.
The Kering acquisition includes 50-year exclusive licenses to distribute products under brands such as Gucci, Bottega Veneta, and Balenciaga, effective after current licensee Coty's rights expire in 2028.

Oct 21, 2025, 11:16 AM

Barron's

Kering and L'Oréal Forge Beauty and Wellness Alliance

COTY

M&A

New Projects/Investments

Kering and L'Oréal have announced a long-term strategic partnership in luxury beauty and wellness, which includes L'Oréal's acquisition of the House of Creed.
The agreement grants L'Oréal 50-year exclusive licenses for the creation, development, and distribution of fragrance and beauty products for Gucci (commencing after the expiration of the current license with Coty), Bottega Veneta, and Balenciaga.
The total value of this agreement, encompassing the sale of Creed and the 50-year licenses, is €4 billion, payable in cash at closing, which is expected in the first half of 2026.
Additionally, a 50/50 joint venture is planned to explore business opportunities in wellness and longevity.

Oct 19, 2025, 9:50 PM

Press Release

Coty Inc. Completes Private Offering of Senior Notes

COTY

Debt Issuance

Coty Inc. and its wholly-owned subsidiaries completed a private offering of $900.0 million aggregate principal amount of 5.600% senior notes due 2031 on October 15, 2025.
The notes will accrue interest at 5.600% per annum, payable semi-annually starting January 15, 2026, and will mature on January 15, 2031.
These notes are senior unsecured obligations but will become fully and unconditionally guaranteed on a senior secured basis by Coty's subsidiaries and secured by first-priority liens if they cease to maintain investment grade ratings from at least two of three ratings agencies.
Covenants in the Indenture are suspended as long as the notes maintain investment grade ratings, but will impose restrictions on additional indebtedness, dividends, investments, and asset sales if ratings fall below investment grade.

Oct 15, 2025, 8:30 PM

8-K

Coty Prices $900M Senior Notes to Refinance 2026 Debt

COTY

Debt Issuance

New Projects/Investments

Coty Inc. has priced a $900 million private offering of 5.600% senior notes due 2031 to refinance existing senior secured notes maturing in 2026, with the offering expected to close around mid-October 2025.
The new notes will initially be unsecured but may become senior secured if their investment grade ratings fall below certain thresholds.
Despite this refinancing, Coty faces financial challenges including declining revenue per share and a negative net margin, though it maintains strength in prestige beauty products and operational cash flow.
German investment firm JAB holds a controlling 54% stake in Coty as of June 2025.

Oct 7, 2025, 2:02 AM

Morningstar

Coty Inc. prices $900.0 million in senior notes

COTY

Debt Issuance

Coty Inc. announced the pricing of $900.0 million aggregate principal amount of 5.600% Senior Notes due 2031 on October 6, 2025.
The offering of these notes is expected to close on or around October 15, 2025.
The proceeds from the new notes, combined with cash on hand, will be used to redeem all outstanding 5.000% senior secured notes due 2026 and a portion of the 3.875% senior secured notes due 2026.

Oct 7, 2025, 12:50 AM

8-K

Coty Inc. Announces Proposed Senior Notes Offering

COTY

Debt Issuance

Coty Inc. launched a private offering of senior notes to qualified institutional buyers and non-U.S. persons.
The proceeds from this offering, combined with cash on hand, are intended to redeem all outstanding 5.000% senior secured notes due 2026 and a portion of 3.875% senior secured notes due 2026.
The notes will be senior unsecured obligations as long as they maintain investment grade ratings from at least two of three agencies; otherwise, they will become senior secured and guaranteed by Coty's subsidiaries.

Oct 2, 2025, 1:17 PM

Press Release

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