Coty Inc (COTY.N)
25 Apr 2018
* COTY INC. PRICES $550 MILLION OF USD SENIOR UNSECURED NOTES AND €800 MILLION OF EUR SENIOR UNSECURED NOTES
* COTY INC - INTENTION TO OFFER UP TO $2 BILLION OF U.S. DOLLAR DENOMINATED AND EURO DENOMINATED SENIOR UNSECURED NOTES IN FOUR SERIES
LONDON (LPC) - Beauty products maker Coty Inc has launched an US$8bn-equivalent debt refinancing to increase its euro borrowings and add bonds to its all-loan capital structure, banking sources said.
LONDON, March 19 (LPC) - Beauty products maker Coty Inc has launched an US$8bn-equivalent debt refinancing to increase its euro borrowings and add bonds to its all-loan capital structure, banking sources said.
PARIS Strong demand in Asia for L'Oreal's luxury cosmetics like Lancome fueled sales growth in the fourth quarter, as the world's biggest beauty products maker faces more muted appetite for its mass market labels, especially in the United States.
Beauty products maker Coty Inc reported quarterly results on Thursday that beat analysts' estimates, driven by strong demand for its recently acquired makeup and hair styling appliance brands, sending its shares up 12 percent.
* Shares rise as much as 16 pct (Updates share price, adds CFO quote, details from conf call)
* QTRLY NET REVENUES OF $2,637.6 MILLION INCREASED 14.8% AS REPORTED COMPARED TO PRIOR YEAR
Feb 8 U.S. beauty products maker Coty Inc reported a net profit that more than doubled, driven by strong demand for Tiffany & Co and Gucci Bloom fragrances, as well as for makeup brand Younique.
The world's largest consumer goods maker Procter & Gamble Co reported better-than-expected sales and profit for its second quarter on Tuesday, but investors focused on a drop in gross margins, sending its shares down 2 percent. | Video