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Coty maintains momentum in Q2
- Continued Improvement In Profit and Net Debt Reduction, with Revenues In Line
- FY21 Fixed Cost Savings Target Increased to ~$300M
- Strong Strategic Progress in Prestige Business Especially in U.S. and China, and E-Commerce
Gucci Beauty flagship store debuts on Tmall Luxury Pavilion
Coty earns high score on 2021 U.S. Corporate Equality Index
Coty announces Stéphane Delbos as new Chief Procurement Officer
Coty completes purchase of 20% stake in Kim Kardashian West business
Coty announces appointment of new directors to its board
Coty discloses its climate change impact through CDP
Coty promotes Laurent Mercier to Chief Financial Officer
Coty strengthens Consumer Beauty business with senior talent
Coty completes sale of Wella stake to KKR
- Coty receives $2.5bn in cash and retains 40% stake in Wella
- Coty’s financial net debt to be reduced from $7.9bn to approx. $5.0bn by end of Q2 2021; economic net debt to fall below $4.0bn
- Transaction completion follows Coty’s return to profit in Q1 2021
COVERGIRL launches Lash Blast Clean Volume, its first clean mascara
A stronger Coty emerging in Q1
Coty Builds Digital & Luxury Strength With New Executive Appointments
Coty Announces the Expansion of Kylie Skin in the UK, France, Germany and Australia New Direct-to-Consumer Websites Provide Greater Accessibility to the In-Demand Skincare Brand