Highest-materiality recent filing
Coty to receive ~$400M for early termination of Gucci Beauty license; license ends June 30, 2027
Coty receives $250M cash at signing and up to $150M later (net of $30M holdback) for early license termination.
Coty sharpens leadership: three C-suite departures, new CPO hired, Prestige ops under Strobel
Priya Srinivasan (CPO) resigns effective Aug 31, 2026; Severine Charbon joins as CPO effective Sept 1.
Coty Q3 revenue falls 7% LFL to $1.28B; adjusted operating income down 51% to $72M
Net revenues $1,281.6M, down 1% reported and 7% like-for-like YoY.
Coty appoints five new independent directors, four resignations in board refresh
Four directors resigned effective immediately; Robert Singer resigns effective June 30, 2026.
Coty Q2 fiscal 2026 net revenues $1.68B, adjusted EPS $0.14 (+27%), net loss reported
Q2 net revenues $1,678.6M, +1% reported, -3% LFL; operating income $148.2M (-45%).
Coty appoints Markus Strobel as Executive Chairman and Interim CEO; Sue Nabi departs
Strobel appointed Executive Chairman & Interim CEO effective Jan 1, 2026; base salary $1.25M, $940k sign-on bonus, RSUs worth $3M, 6M stock options.
Coty receives $750M cash upfront plus 45% of future proceeds from Wella sale/IPO after KKR preferred return.
Coty Q1 revenue $1.577B (-6% YoY), adj EPS $0.12 (-20%); sees Q2 at favorable end of guidance
Net revenues $1,577.2M, down 6% reported and 8% LFL vs prior year.
Coty Inc. completes $900M offering of 5.600% senior notes due 2031
Closed private offering of $900M aggregate principal of 5.600% senior notes due 2031.
Coty prices $900M of 5.600% senior notes due 2031 to refinance near-term debt
Coty priced $900M of 5.600% senior notes due 2031; closing expected Oct 15, 2025.
Coty FY25 adj EBITDA $1,082M, rev $5.89B, guides 2H26 growth return
Q4 net revenue $1,252M, down 9% LFL; FY25 net revenue $5,893M, down 2% LFL.
Coty Q3 revenues fell 6% YoY to $1.3B; adj. EPS down 80% to $0.01
Net revenues $1,299.1M, down 6% reported (3% LFL); reported operating loss $280.4M.
Coty Q2 revenue down 1% LFL; adjusted EPS $0.11; leverage below 3x; director resigns
Q2 net revenue $1,669.9M, LFL -1%; CEO says trends below expectations; expects headwinds to continue.
Coty increases tender offer to $300M for 2026 notes; early results fully subscribed
Increased cap to $300M from $250M; $476M of $650M outstanding tendered, $300M accepted at 63% proration.
Coty Q1 net revenues $1.67B, up 2% reported & 4.5% LFL; reiterates FY25 EBITDA target
Reported net income $79.6M vs. loss of $1.7M YoY; adjusted EPS $0.15, up 67%.
Coty launches $250M tender for 5% Senior Secured Notes due 2026; redeems €180.3M of 4.75% Notes
Tender offer for up to $250M of 5.000% Senior Secured Notes due 2026; $650M outstanding; early tender premium $30 per $1,000.
Q1 LFL sales growth ~4-5%, below prior estimate of 6%, due to tight retailer inventory management in US, Australia, China, Travel Retail Asia.
FY24 net revenue $6,118M, +10% reported, +11% LFL, at upper end of 9-11% LFL guidance.
Coty issues €500M 4.500% senior secured notes due 2027
€500 million aggregate principal of 4.500% Senior Secured Notes due May 15, 2027 issued on May 30, 2024.
Coty prices €500M of 4.500% senior secured notes due 2027 to refinance existing debt
Issued €500M aggregate principal amount of 4.500% Senior Secured Notes due 2027.
Coty Q3 FY24 revenue up 10% LFL, beats guidance; FY24 outlook raised to high end
Q3 net revenues $1.39B, +10% LFL, ahead of H2 guidance of +6-8% LFL; Prestige LFL +13%, Consumer Beauty +6%.
Coty Q2 revenue +13% as reported, adjusted EBITDA +15% to $366.4M; FY24 guidance reaffirmed
Q2 revenue +13% as reported (+11% LFL); Prestige +15% LFL, Consumer Beauty +5% LFL.
Coty prices and accepts $400M in early tender of 2026 notes; prorated at 62% and 48%
Aggregate purchase price ~$395M for $150M 6.5% unsecured and $250M 5% secured notes due 2026.
Coty Q1 FY2024 sales +18% LFL; raises FY24 revenue and EBITDA guidance
Q1 adjusted EBITDA $360.3M (+17% YoY); adjusted EPS $0.09 (incl negative $0.06 equity swap impact).
Coty completes $341M stock offering to repay debt; Euronext Paris listing begins
Issued 33M Class A shares at $10.80/€10.28; net proceeds ~$341M (€324M).
Coty issues €500M 5.750% Senior Secured Notes due 2028
Aggregate principal €500M, interest 5.75% per annum, maturity September 15, 2028.
Coty launches €500M senior secured notes offering to reduce revolver borrowings
Offering of €500 million aggregate principal amount of senior secured notes announced on September 11, 2023.
Coty beats FY23 with 12% core LFL growth; FY24 guidance at top of target range
Q4 net revenue +16% as reported (+17% LFL); FY23 core LFL sales grew 12%, above 9-10% guidance.
Coty issues $750M 6.625% senior secured notes due 2030
Issued $750M aggregate principal of 6.625% senior secured notes maturing July 15, 2030.
Coty prices upsized $750M 6.625% senior secured notes due 2030; proceeds to repay term loan B
Priced $750M in 6.625% senior secured notes due 2030, upsized from previously announced $600M.
Coty prelim Q4 (Jun 30) revenue ~$1.2-1.4B; launches $600M senior secured notes offering
Continuing ops revenue ~$1,200M–$1,400M; adj. EBITDA ~$150M–$170M.
Coty completes $2.0B revolving credit facility refinancing, extends maturity to 2028
Refinanced existing $2.0B revolver with $1.67B tranche (USD/other currencies) and €300M tranche (EUR).
Q4 FY23 LFL revenue growth now +12-15%, up from prior +10% outlook.
Coty Q3 sales +9% as reported, core LFL +15%; raises FY23 revenue and EPS guidance
Q3 adjusted EPS $0.19 (vs $0.03 a year ago); reported EPS $0.12; includes $0.13 equity swap mark-to-market benefit.
Coty explores Paris dual listing; CEO Nabi gets long-term equity program through 2030
Board authorized exploring dual listing on Euronext Paris alongside NYSE, leveraging Coty's French heritage.
Coty settles stockholder litigation over 2019 tender offer for $35M and governance changes
Settlement of consolidated class/derivative action for $35,000,000 cash plus corporate governance changes.
On February 7, 2025, Maria Asuncion Aramburuzabala Larregui resigned as a director of the Board of Directors (the “Board”) of the Company after four years of service on the Board and the Remuneration and Nomination Committee.
the Board of Directors (the “Board”) of the Company increased its size to twelve (12) directors and appointed Gordon von Bretten as a member of the Board, effective as of April 1, 2024
On February 6, 2024, Coty Inc. (the “Company”) entered into a separation agreement with Gordon von Bretten, who has been serving as Chief Transformation Officer since June 2020.
the Board approved, the appointment of Johannes Huth as Lead Independent Director, effective June 13, 2023.
On March 8, 2023, Erhard Schoewel resigned as a director of the Board of Directors (the “Board”) of Coty Inc. (NYSE: COTY) (the “Company”) after serving on the Board since 2006.
appointed Lubomira Rochet as a member of the Board, effective as of January 2, 2023
On July 15, 2022, Justine Tan resigned from her position as a member of the board of directors (the “Board”) of Coty Inc. (the “Company”).
On November 2, 2021 KKR Rainbow notified the Company that Nancy Ford, one of the directors designated by KKR Rainbow pursuant to the terms of the Investment Agreement, will not stand for re-election at the Company’s next annual stockholders meeting for fiscal year 2022 which is scheduled to take place on November 4, 2021.
Max materiality 0.85 · Median 0.65 · Most common event earnings