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Coty Inc (COTY.N)

COTY.N on New York Stock Exchange

3.24USD
20 Oct 2020
Change (% chg)

$0.03 (+0.93%)
Prev Close
$3.21
Open
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Volume
855,041
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2,723,106
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$13.42
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$2.65

Latest Key Developments (Source: Significant Developments)

Wella Company Names Annie Young-Scrivner As CEO
Thursday, 15 Oct 2020 

Oct 15 (Reuters) - KKR::WELLA COMPANY NAMES ANNIE YOUNG-SCRIVNER AS CEO.KKR - APPOINTMENT WILL BECOME EFFECTIVE UPON CLOSE OF WELLA DEAL.  Full Article

Coty Says Fiscal 2020 Total Compensation For CFO $15 Mln
Friday, 25 Sep 2020 

Sept 24 (Reuters) - Coty Inc ::COTY INC - FISCAL 2020 TOTAL COMPENSATION FOR CFO PIERRE-ANDRÉ TERISSE $15 MILLION VERSUS $5.3 MILLION IN 2019 - SEC FILING.COTY INC SAYS FORMER CEO, PIERRE LAUBIES' FY 2020 TOTAL COMPENSATION WAS $21.7 MILLION VERSUS $16.2 MILLION IN FY 2019 - SEC FILING.COTY INC - FISCAL 2020 TOTAL COMPENSATION FOR CFO PIERRE-ANDRÉ TERISSE OF $15 MILLION INCLUDES $10.1 MILLION IN STOCK AWARDS.  Full Article

Coty Files For Shelf Of Convertible Preferred Stock By Selling Stockholders
Friday, 28 Aug 2020 

Aug 27 (Reuters) - Coty Inc ::FILES FOR SHELF OF UP TO $1 BILLION SERIES B CONVERTIBLE PREFERRED STOCK BY SELLING STOCKHOLDERS - SEC FILING.FILES FOR SHELF OF UP TO $625 MILLION CLASS A COMMON STOCK BY SELLING STOCKHOLDERS.  Full Article

Coty Inc Reports Q4 Loss Per Share Of $1.01
Thursday, 27 Aug 2020 

Aug 27 (Reuters) - Coty Inc ::. REPORTS FISCAL 2020 FOURTH QUARTER AND FULL YEAR RESULTS.Q4 AND FY20 SEVERELY IMPACTED BY COVID-19 PANDEMIC.SIGNIFICANT IMPROVEMENT EXPECTED IN Q1, WITH POSITIVE ADJUSTED OPERATING INCOME.WELLA DIVESTITURE ON TRACK TO CLOSE BY END OF CY20.Q4 REVENUE $560.4 MILLION.QTRLY ADJUSTED LOSS PER SHARE FROM CONTINUING OPERATIONS $0.46.ACTION PLANS SUPPORT OVER $200 MILLION OF FIXED COST SAVINGS IN FY21.QTRLY LOSS PER SHARE FROM CONTINUING OPERATIONS $0.91.QTRLY REPORTED LOSS PER SHARE $1.01.TARGETING ADJUSTED OPERATING INCOME PROFITABILITY IN Q1 AND FOR FULL YEAR.QTRLY ADJUSTED LOSS PER SHARE $0.51.BEGUN BUILDING PLATFORMS TO ADDRESS UNDER-EXPOSURE IN SKINCARE, NORTHERN ASIA, AND E-COMMERCE.4Q20 LUXURY NET REVENUES OF $219.4 MILLION, OR APPROXIMATELY 39% OF COTY CONTINUING OPERATIONS, DECLINED 70.9% AS REPORTED.QTRLY COTY INC NET REVENUE $922.1 MILLION, DOWN 56% ON REPORTED BASIS.HAS SEEN GRADUAL SALES TREND IMPROVEMENT FROM APRIL THROUGH JUNE.MONTHLY SALES TRENDS IN CHINA CONTINUED TO IMPROVE WITH EACH MONTH FROM FEBRUARY TROUGH.QTRLY SALES IN CHINA WERE WEIGHED DOWN BY A HIGHER EXPOSURE TO BRICK & MORTAR RETAILERS.REPORTED SALES FOR AMERICAS SEGMENT IN QUARTER BENEFITED FROM CONTRIBUTION FROM KYLIE BEAUTY PARTNERSHIP.IN AMERICAS, CONTINUED TO SEE DEMAND SHIFT TO E-COMMERCE IN QUARTER.  Full Article

Coty Inc Says Newly Appointed CEO, Sue Y. Nabi, To Lead Executive Committee
Thursday, 9 Jul 2020 

July 9 (Reuters) - Coty Inc ::COTY STRENGTHENS EXECUTIVE COMMITTEE.COTY INC - NEWLY APPOINTED CEO, SUE Y. NABI, TO LEAD EXECUTIVE COMMITTEE.COTY INC - PRINCESS ANNA OF BAVARIA NAMED CHIEF CORPORATE AFFAIRS OFFICER AND MEMBER OF EXECUTIVE COMMITTEE.COTY INC - CHIEF LEGAL OFFICER AND GENERAL COUNSEL KRISTIN BLAZEWICZ PROMOTED TO EXECUTIVE COMMITTEE.  Full Article

Coty Names Sue Y. Nabi Chief Executive Officer
Thursday, 2 Jul 2020 

July 2 (Reuters) - Coty Inc ::COTY NAMES SUE Y. NABI CHIEF EXECUTIVE OFFICER.COTY INC - SUE Y. NABI, GLOBAL BEAUTY INDUSTRY ENTREPRENEUR, TO BECOME CEO OF COTY IN SEPTEMBER.COTY INC - PETER HARF, FOUNDER OF MODERN COTY, TO BE ELEVATED TO EXECUTIVE CHAIRMAN.COTY INC - SUE Y. NABI HAS BEEN APPOINTED CHIEF EXECUTIVE OFFICER, EFFECTIVE SEPTEMBER 1, 2020.COTY INC - PETER HARF WILL BE ELEVATED TO ROLE OF EXECUTIVE CHAIRMAN AND WILL WORK CLOSELY WITH NABI TO LEAD COTY'S TRANSFORMATION..  Full Article

KKR Rainbow Aggregator L.P Reports A 17.4% Stake In Coty As Of June 2
Saturday, 13 Jun 2020 

June 12 (Reuters) - Coty Inc ::KKR RAINBOW AGGREGATOR L.P REPORTS A 17.4% STAKE IN COTY AS OF JUNE 2 - SEC FILING.  Full Article

Coty Announces Launch Of Kylie Skin In Europe
Friday, 22 May 2020 

May 22 (Reuters) - Coty Inc ::COTY ANNOUNCES THE LAUNCH OF KYLIE SKIN IN EUROPE.COTY INC - LAUNCH OF KYLIE SKIN AT DOUGLAS.COTY INC - DOUGLAS WILL OFFER SIX DIFFERENT PRODUCTS FROM KYLIE SKIN LINE.  Full Article

Coty Signs MOU To Sell Majority Stake In Professional Beauty And Retail Hair Businesses In $4.3 Billion Deal
Monday, 11 May 2020 

May 11 (Reuters) - Coty Inc ::COTY ANNOUNCES STRATEGIC PARTNERSHIP WITH KKR; REPORTS 3Q FISCAL RESULTS.COTY TO RECEIVE IMMEDIATE $750 MILLION CONVERTIBLE PREFERRED EQUITY INVESTMENT FROM KKR.TRANSACTION COULD RESULT IN ADDITIONAL CASH PROCEEDS OF APPROXIMATELY $3 BILLION.KKR TO ACQUIRE A MAJORITY STAKE IN COTY'S PROFESSIONAL BEAUTY AND RETAIL HAIR BUSINESSES.UNDER TERMS OF MOU, COTY WILL CARVE OUT WELLA INTO A STANDALONE COMPANY IN WHICH KKR WILL ACQUIRE A 60 PERCENT STAKE.CONTEMPLATED MAJORITY DIVESTMENT OF WELLA WOULD RESULT IN COTY RECEIVING ADDITIONAL CASH PROCEEDS OF ABUOT $3 BILLION.QTRLY REPORTED LOSS PER SHARE $0.36.QTRLY ADJUSTED LOSS PER SHARE $0.08.UNDER TERMS OF MOU, COTY WILL RETAIN REMAINING 40 PERCENT INTEREST IN STANDALONE COMPANY.Q3 EARNINGS PER SHARE VIEW $-0.01 -- REFINITIV IBES DATA.COTY - SIGNS MOU FOR SALE OF A MAJORITY IN COTY'S PROFESSIONAL BEAUTY AND RETAIL HAIR BUSINESSES AT CONTEMPLATED ENTERPRISE VALUE OF $4.3 BILLION.ON SIGNING OF WELLA TRANSACTION, KKR WILL ALSO MAKE AN INCREMENTAL CONVERTIBLE PREFERRED INVESTMENT OF $250 MILLION IN COTY.COTY WILL CARVE OUT WELLA INTO A STANDALONE COMPANY IN WHICH KKR WILL ACQUIRE A 60 PERCENT STAKE.PLAN TO REDUCE FIXED COSTS BY $700 MILLION, WHICH ALLOWS US TO CONFIRM TARGET TO REACH MID TEENS OPERATING MARGINS BY FY23.COTY'S MASS BEAUTY BUSINESS IN BRAZIL WILL REMAIN A FULLY OWNED BUSINESS OF COTY.  Full Article

Henkel Expects Adhesives Unit Will Face Much Tougher Q2
Monday, 11 May 2020 

May 11 (Reuters) - Henkel AG & Co KGaA ::HENKEL CFO SAYS ANTICIPATES A DIFFICULT Q2, NOTES MANY PRODUCTION FACILITIES STILL CLOSED.HENKEL CFO SAYS STICKING TO DIVESTMENT PLANS BUT ADJUSTING PROCESS GIVEN MARKET ENVIRONMENT.HENKEL CEO SAYS M&A REMAINS PART OF STRATEGY, DECLINES TO COMMENT ON INTEREST IN COTY'S WELLA.HENKEL CEO SAYS EXPECTS ADHESIVES UNIT WILL FACE MUCH TOUGHER Q2 THAN Q1.  Full Article

Tesla shares fall as it fails to make it into S&P 500 index

Sept 8 Tesla Inc tumbled 15% early on Tuesday after its surprise exclusion from the S&P 500 index added to the broader sell-off in technology stocks which have dominated Wall Street's recovery from the coronavirus-driven crash earlier this year.