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-0.00120627261761155 -0.00205066344993962 -0.00241254523522311 0 0.00118214716525938 0.00120627261761155 0.00120627261761155 0.00120627261761155
Stock impact report

Coty Plans To Spin-Off Its Consumer Beauty Business Assets [Forbes]

Coty Inc. Class A (COTY) 
Last coty inc. class a earnings: 2/5 06:30 am Check Earnings Report
US:NYSE Investor Relations: investors.coty.com
Company Research Source: Forbes
realignment, initiating a formal strategic review for specific assets within its Consumer Beauty division. The company will explore a full range of options for these businesses, including potential sales, spin-offs, or other strategic transactions. The assets placed under review include the company's mass color cosmetics portfolio, which features brands such as CoverGirl, Rimmel, Sally Hansen and Max Factor that generates approximately $1.2 billion in annual revenue. The review also includes Coty's distinct Brazil business, which consists of a portfolio of local brands that generate close to $400.0 million in annual revenue. On the other hand, the remaining Coty (RemainCo) intends to realign its business to bolster its leadership position in the global fragrance market. The company will more closely integrate its Prestige Beauty and Mass Fragrance businesses, which together account for around 69.0% of the company's total sales, to create a unified and powerful “fragrance engine”. Show less Read more
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