Key Developments: Coty Inc (COTY.N)

COTY.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Coty Inc declares annual dividend
7:30am EDT 

Coty Inc:Will pay an annual dividend of $0.20 per share on its Class A and Class B Common Stock on Oct. 15 to stockholders of record at the close of business on Oct. 1.  Full Article

Coty announces incremental $200 mln class A share repurchase authorization
Tuesday, 3 Jun 2014 08:00am EDT 

Coty Inc:Approves additional $200 mln share repurchase authorization of its Class A common stock. With this authorization and the $100 mln remaining under the already existing stock repurchase authorization, the company's total current share repurchase authorization is $300 mln.  Full Article

Coty Inc and Avon Products Inc sign agreement for Brazil
Wednesday, 14 May 2014 06:31am EDT 

Coty Inc:Entered into partnership by which select Coty fragrances will be marketed and sold through Avon Brazil's network of 1.5 mln independent sales representatives.Deal brings together Avon's extensive network of representatives in Brazil and Coty's portfolio of celebrity and lifestyle fragrance brands in an effort to increase both companies' global fragrance market share, consumer loyalty and brand appeal in Brazil.  Full Article

Pomerantz LLP files class action lawsuit against Coty Inc
Friday, 21 Mar 2014 04:47pm EDT 

Pomerantz LLP:Files class action lawsuit against Coty Inc and certain of its officers.Filed in United States District Court, Northern District of California, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired Coty securities since its June 13, 2013 Initial Public offering.Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the company's business, operations, and prospects.  Full Article

Lieff Cabraser Announces Class Action Litigation Against Coty Inc
Friday, 7 Mar 2014 09:00am EST 

Lieff Cabraser Heimann & Bernstein, LLP:Says that class action litigation has been brought on behalf of those who purchased or otherwise acquired the common stock of Coty Inc.Pursuant and/or traceable to the company's Registration Statement and Prospectus issued in connection with its June 13, 2013 initial public offering.Registration Statement, defendants misrepresented and/or failed to disclose that in the months up to the IPO.  Full Article

Howard G. Smith announces Class Action Lawsuit Against Coty, Inc
Tuesday, 25 Feb 2014 07:00pm EST 

Coty Inc:Says Howard G. Smith announced a class action lawsuit Against Coty, Inc.Says lawsuit has been filed in the United States District Court for the Northern District of California.Says lawsuit filed on behalf of all persons who purchased securities of Coty, Incpursuant or traceable to Coty's June. 13, 2013, initial public offering.  Full Article

Pomerantz LLP files class action against Coty, Inc. and certain officers
Friday, 21 Feb 2014 04:25pm EST 

Pomerantz LLP:Filed a class action lawsuit against Coty, Inc and certain of its officers.Class action, filed in United States District Court, Northern District of California, and docketed under 14-cv-001107.Class action seeks to recover damages against Defendants for alleged violations.Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the company's business, operations, and prospects.Specifically, Defendants made false and/or misleading statements and/or failed to disclose that during the quarter leading up to the IPO and consumption of Coty's products was materially declining and retailers were returning products to Coty.  Full Article

Avon Products, Inc. and Coty Inc intent regarding commercial arrangement
Thursday, 20 Feb 2014 08:01am EST 

Avon Products, Inc. and Coty Inc:Executes a letter of intent regarding a commercial arrangement.Says where Avon Brazil would market and sell select Coty fragrances and its ancillaries through Avon's 1.5 mln independent Sales representatives in Brazil.Says although the details are still being finalized, the intent is for Avon to carry a collection of Coty's celebrity and lifestyle fragrances in the Avon Brochure in Brazil.  Full Article

Rosen Law Firm, P.A. announces filing of class action lawsuit against Coty Inc
Tuesday, 18 Feb 2014 01:17pm EST 

Rosen Law Firm, P.A:Says that a class action lawsuit has been filed on behalf of purchasers of the common stock of Coty Inc asserting violations of the federal securities laws.Says according to the suit, coty's registration statement and prospectus filed with the U.S. Securities and Exchange Commission on May 28, 2013.Says in connection with its IPO contained materially false and misleading statements and omissions and was not prepared in accordance with the applicable SEC rules and regulations.  Full Article

Coty Inc and Piaggio Group announce fragrance partnership
Monday, 17 Feb 2014 09:00am EST 

Coty Inc:Says the formation of partnership to create, develop and distribute a signature duo of fragrances for men and women under the Vespa name.  Full Article

Elizabeth Arden posts biggest ever loss as celebrity perfume sales fall

- Elizabeth Arden Inc reported its biggest ever quarterly loss due to a steep fall in sales of celebrity perfumes, particularly the Justin Bieber and Taylor Swift brands, sending its shares plunging as much as 25 percent.

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