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Coty Inc (COTY.N)

COTY.N on New York Stock Exchange

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22 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Coty Inc names Camillo Pane CEO
Thursday, 21 Jul 2016 07:30am EDT 

Coty Inc : Names Camillo Pane as CEO . Bart Becht to remain chairman and help oversee integration of two companies . Coty Inc says Camillo Pane's successor as Coty's executive vice president category development will be announced in due course . Bart Becht to remain chairman and help oversee integration of two companies .Says Camillo Pane currently holds position of executive vice president of Coty's category development.  Full Article

Coty Inc announces $500 mln class A share repurchase authorization
Thursday, 4 Feb 2016 07:00am EST 

Coty Inc:Announces $500 million class a share repurchase authorization.Says board of directors has approved a $500 million share repurchase authorization of its class a common stock.  Full Article

Tiffany & Co and Coty Inc announce new fragrance agreement
Wednesday, 27 Jan 2016 08:00am EST 

Coty Inc:Says the company and Tiffany & Co announced entry into an agreement regarding the development, production and distribution of a new line of Tiffany fragrances for both women and men, to be sold at Tiffany & Co. stores as well as at other select luxury retailers.  Full Article

Coty Inc - Henkel AG & Co. KGaA challenges Coty's Brazil purchase before antitrust watchdog - Reuters
Tuesday, 22 Dec 2015 12:36pm EST 

Coty Inc:Henkel & Co KGAa AG filed on Tuesday a request with Brazilian antitrust regulators to review a decision to approve Coty Inc's purchase last month of Hypermarcas SA's beauty care unit - RTRS.Henkel is challenging a Dec. 7 decision by antitrust watchdog Cade to approve Coty's acquisition with no conditions of dozens of brands and several factories that Hypermarcas owned - RTRS.In a document, Brazilian law firm Levy Salomão, which represents Henkel in the matter, said Cade failed to consider the combined impact of the Hypermarcas deal with Coty's recent acquisition of Procter & Gamble Co's beauty care products - RTRS.Both transactions would allegedly give Coty as much as a 35% market share in Brazil's hair coloring market, the document said - RTRS.Coty agreed in July to pay P&G $12.5 bln for 43 brands, and also offered in Nov about $1 billion to buy Hypermarcas's beauty care unit. "The combined effect of these transactions will substantially change the Brazilian cosmetics and personal care industries", the document said - RTRS.The petition will be analyzed by Cade councilor João Paulo Resende. Should he find Henkel's petition valid, the request will be analyzed and discussed by Cade's board of councilors - RTRS.Henkel challenged Cade's initial approval since the former was found to be an interested third party in the transaction. Henkel competed for the Hypermarcas and P&G deals, according to a source with direct knowledge of the matter - RTRS.  Full Article

Coty Inc announces new organizational structure
Tuesday, 3 Nov 2015 08:00am EST 

Coty Inc:Announces new organizational structure.Says post-merger, coty's business will be organized into three divisions.Says as part of the new organizational structure, Coty plans to relocate its executive management offices to London.Says Coty will also be launching a new department, called growth and digital, which will be focused on accelerating growth.Says each of the luxury, consumer beauty, and professional beauty divisions will be led by a president.Says Jean Mortier will retire from Coty and will be succeeded, effective immediately, by edgar huber as president global markets.Coty's business to be organized into 3 divisions:Coty luxury division,coty consumer beauty division, Coty professional beauty division.Says Bart Becht will continue as chairman and interim chief executive officer.Patrice De Talhouët will continue as chief financial officer.  Full Article

Coty Inc announces acquisition of Hypermarcas' Beauty & Personal Care Business
Monday, 2 Nov 2015 07:00am EST 

Coty Inc:Announces acquisition of Hypermarcas' Beauty & Personal Care Business.Deal for $1 billion.Says transaction will be funded with a combination of cash on hand and available debt facilities.  Full Article

Coty Inc announces acquisition of Beamly
Monday, 19 Oct 2015 07:30am EDT 

Coty Inc:Has entered into a definitive agreement to acquire Beamly.Terms of the transaction were not disclosed.  Full Article

Coty Inc. increases annual dividend by 25 pct to $0.25 per Share
Friday, 11 Sep 2015 08:00am EDT 

Coty Inc:Approves a 25 percent increase in the company's annual dividend to $0.25 from $0.20 per share on its Class A and Class B Common Stock.Says the dividend is payable on Oct. 15 to stockholders of record at the close of business on Oct. 1.  Full Article

Coty Inc enters into material definitive agreement - Form 8k
Thursday, 9 Jul 2015 08:18am EDT 

Coty Inc:Says the Procter & Gamble Company, Galleria Co., a wholly owned subsidiary of P&G, and Green Acquisition Sub Inc., a wholly owned subsidiary of the Company ('Merger Sub'), entered into a Transaction Agreement.Says the agreement is to merge P&G’s fine fragrance, color cosmetics, and hair color businesses into Merger Sub through a tax-free Reverse Morris Trust transaction.Says the the transaction is based on a proposal by the company valuing the P&G Beauty Business at about $12.5 billion at the time the proposal was made.  Full Article

Coty Inc says Bart Becht will remain as Interim CEO
Tuesday, 23 Jun 2015 08:35am EDT 

Coty Inc:Says that Bart Becht will remain as Interim Chief Executive Officer of Coty.Becht will also continue in his role as Chairman of Coty.Says Elio Leoni Sceti, who was planned to assume the role of CEO in July, has reconsidered and decided not to join Coty.  Full Article

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Perfume maker Coty names Camillo Pane as CEO

Perfume maker Coty Inc said on Thursday Camillo Pane would take over as chief executive in October, following the scheduled closing of its acquisition of Procter & Gamble Co's beauty business.