NEW YORK, United States — Coty's fiscal second-quarter net income fell 33 percent, hurt by U.S. softness in the mass fragrance and nail categories and a highly promotional holiday selling season.
MILAN, Italy — Prada SpA said it signed a licensing deal for Coty Inc. to create and distribute perfumes under the Miu Miu brand, expanding its second-largest unit in the $60 billion luxury beauty industry.
MILAN, Italy — Italian fashion house Roberto Cavalli reported a 20 percent rise in first-half core earnings, boosted by new outlets and rising royalties, it said on Thursday.
NEW YORK, United States — Coty Inc., maker of perfumes endorsed by Beyonce and Heidi Klum, raised about $1 billion on behalf of existing holders in an initial public offering, pricing the shares at the midpoint of the proposed range, according to a person familiar with the matter.
NEW YORK, United States — Coty Inc., maker of perfumes endorsed by Beyonce and Heidi Klum, is for sale at a 25 percent discount to rivals in its initial public offering, a valuation that may lure investors unfazed by the billionaire Reimann family’s controlling stake.
NEW YORK, United States — After 109 years of selling beauty products, Coty Inc is ready for its close-up, blemishes and all. The maker of Stetson cologne, OPI nail polish and Sally Hansen lip balm, is set to go public Wednesday on the New York Stock Exchange, with shares to trade on Thursday.
NEW YORK, United States — Beauty products company Coty Inc. on Tuesday filed for an initial public offering that could raise up to $1.06 billion for some of its shareholders.
Burberry warning sends shiver through luxury sector (Reuters) “British fashion brand Burberry issued a profit warning on Tuesday, the clearest sign yet that slowing economic growth in China and Europe’s debt crisis are bringing a boom in demand for luxury clothes and accessories to a halt.” A Leap in Volume and Length (NY Times) “The spring collections got a kick of energy as other designers also showed
Luxury Goods Oust Executives With Global Economy in Flux (Business Week) “Luxury-goods makers are spring cleaning their boardrooms and ateliers. At least 14 new presidents, chief executive officers, chief financial officers and creative directors started at European companies, including Mulberry Group Plc and PPR SA in the first quarter alone.” Cashmere house Cucinelli IPO approved by Milan bourse (Reuters)