November 7, 2013 / 7:11 AM / 4 years ago

BRIEF-South Africa's AVI revises relationship with Coty

JOHANNESBURG, Nov 7 (Reuters) - Avi Ltd : * Revision to the terms of the existing commercial relationship between indigo

brands and coty inc * Indigo ceased to be the exclusive licensee of coty in South Africa, effective

31 October 2013 * Indigo now the manufacturer, importer, distributor, marketer of coty’s brand

portfolio in S.Africa and 13 African states * As compensation for the revision, coty shall make a one-off pre-tax payment

to indigo of R150,0 million.

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