COTY INC. (COTY): restructuring charge — Coty sells remaining 25.8% Wella stake to KKR for $750M upfront; expects ~3x net leverage by end CY25

COTY INC.

Coty receives $750M cash upfront plus 45% of future proceeds from Wella sale/IPO after KKR preferred return.
Transaction completes the multi-year Wella monetization program initiated in 2020, exactly inline with CY25 divestiture target.
Coty expects to record ~$200M non-cash impairment charge in Q2 ending Dec 31, 2025 related to the sale.
Proceeds and strong free cash flow (>$350M in H1 FY26) expected to reduce net leverage to ~3x by end of CY25.
Coty will retain 45% of ordinary shares of Buyer with observer rights after closing.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

COTY INC. entered into Purchase and Sale Agreement with Tides Holdco Limited valued at $750,000,000 (effective 2025-12-18).

Action: entry
Agreement: asset purchase
Counterparty: Tides Holdco Limited
Value: $750,000,000
Effective: 2025-12-18

Exact text from the filing

On December 18, 2025, Coty JV Holding S.à r.l., a société à responsabilité limitée incorporated under the laws of Switzerland (“ Coty JV ”), an indirect subsidiary of Coty Inc. (the “ Company ”), entered into a Purchase and Sale Agreement (the “ Agreement ”) with Tides Holdco Limited

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Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

COTY INC. announced a impairment with charges of approximately $200 million.

Type: impairment
Charge: approximately $200 million

Exact text from the filing

In connection with the entry into the Agreement, as discussed under Item 1.01 of this Current Report on Form 8-K, the Company expects to record a material non-cash impairment charge in the second quarter ended December 31, 2025 in an estimated amount of approximately $200 million.

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119 material agreements filed in the last 30 days. Browse all material agreements →

COTY INC. filing history →

Source: SEC EDGAR

accession 0001193125-25-325599

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