Coty to receive ~$400M for early termination of Gucci Beauty license; license ends June 30, 2027

COTY INC.

Coty receives $250M cash at signing and up to $150M later (net of $30M holdback) for early license termination.
License terminates June 30, 2027, one year early; Coty continues operations through that date.
Proceeds to be used for debt reduction, reinvestment in core prestige brands, and organizational optimization.
Mutual resolution of all pending litigation and related claims with Kering/Gucci.
Coty estimates cash taxes of approximately $30 million on the transaction.

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