---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-325599"
form_type: "8-K"
ticker: "COTY"
cik: "0001024305"
company_name: "COTY INC."
filed_at: "2025-12-19T23:59:59+00:00"
generated_at: "2026-05-16T12:30:42.365345+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Coty sells remaining 25.8% Wella stake to KKR for $750M upfront; expects ~3x net leverage by end CY25

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-325599
- form_type: 8-K
- ticker: COTY
- cik: 0001024305
- company_name: COTY INC.
- filed_at: 2025-12-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.06, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1024305/000119312525325599/0001193125-25-325599-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1024305/000119312525325599/d66788d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-325599
- JSON: https://secwatch.observer/filing/0001193125-25-325599.json
- Plain text: https://secwatch.observer/filing/0001193125-25-325599.txt

## Source-grounded claims
- claim_id: 89064bc05b400d632fe61c2e8170cd99a4d52ddb
  claim: COTY INC. announced a impairment with charges of approximately $200 million.
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1024305/000119312525325599/0001193125-25-325599-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.