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Coty Announces Strategic Transformation and Definitive Agreement with KKR on Wella
- Partnership with KKR delivers immediate deleveraging via $1 billion direct investment and $2.5 billion net cash proceeds from Wella transaction, lowering Coty’s net debt/adjusted EBITDA from ~5.6x to ~4.5x on a pro forma basis
- Simplified portfolio enables focused leadership of Coty on Prestige and Mass Beauty with increased cost competitiveness. Retaining a 40% stake in Wella allows Coty’s shareholders to benefit from the growth opportunities for Wella’s business and its long-term value creation
- With the founder of the modern Coty, Chairman Peter Harf, assuming the additional role of Chief Executive Officer, and the creation of a three-person Executive Committee, Coty expects to execute with greater accountability, less bureaucracy and higher speed, allowing the company to rebuild its competitive position
Coty and Kim Kardashian West Announce Strategic Relationship to Expand Beauty Brands Globally
Coty Announces the Launch of Kylie Skin in Europe
Coty Announces Strategic Partnership with KKR; Reports 3Q Fiscal Results
Coty Starts Producing Hydro-Alcoholic Hand Sanitizer to Help Combat COVID-19 Virus
Coty Provides Operational and Financial Update Amid COVID-19 Outbreak
Coty Announces Executive and Board Appointments to Accelerate Growth
Coty Inc. Reports Fiscal Second Quarter 2020 Results
Coty Inc. Announces Updated Sustainability Platform “Beauty That Lasts” Includes Targets from 2020 – 2030
Coty Inc. Appoints Kristin Blazewicz as Chief Legal Officer and a Member of the Executive Committee
Coty and Kylie Jenner Commence Strategic Partnership
Coty Inc appoints Pascal Baltussen as Chief Global Chief Procurement Officer, a Member of the Executive Committee, and further strengthens its leadership
Coty and Kylie Jenner Announce Strategic Partnership to Expand Beauty Brands Globally
Coty Inc. declares quarterly dividend #11