default-output-block.skip-main
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Coty Moves Ahead With Paris Stock Listing Plans

The company has brought on BNP Paribas and Citigroup to work on the deal and is considering raising fresh capital from the listing.
Coty moves ahead with Paris stock listing plans.
Coty moves ahead with Paris stock listing plans. (Shutterstock)

CoverGirl cosmetics parent Coty is moving forward with its plan to list on the Paris Stock Exchange which could take place as soon as the coming weeks, Bloomberg News reported on Thursday, citing people with knowledge of the matter.

The company has brought on BNP Paribas and Citigroup to work on the deal and is considering raising fresh capital from the listing, the report said.

Coty is aiming to formally announce details of the plans as soon as the next few days and a listing could follow shortly afterward, according to the report.

Coty declined to comment on the report. The company’s shares were up about 1 percent in afternoon trade.

The cosmetics and fragrance maker said in May it would explore a listing on the Paris Stock Exchange in a bid to bolster its presence in Europe and tap into new investors in the market.

The company on Wednesday raised its annual core sales forecast boosted by higher prices and strong demand, particularly in its high-end segment that houses cosmetics and fragrances from brands such as Hugo Boss, Gucci and Burberry.

By Deborah Sophia; Editor Shailesh Kuber

Learn more:

Coty Raises Sales Outlook on Strong Fragrance Demand

The company, which is responsible for making fragrances for Burberry and Gucci, saw its sales grow 8 percent to 10 percent in the fiscal year that started in July.

In This Article
Topics
Organisations

© 2023 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Beauty
Analysis and advice on the fast-evolving beauty business.

Despite being known for their body positivity, young people are buying into anti-ageing products and procedures more than ever and earlier than ever. How will they grow old?



Once seen as a last-minute impulse purchase, bite-sized products are becoming a main attraction for prestige brands and retailers looking to widen their customer base.


view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
Voices 2023 Live
© 2023 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
Voices 2023 Live