The U.S.-based licensed fragrance specialist is the subject of two lawsuits alleging breach of license agreements, filed by two subsidiaries of Authentic Brands: DB Ventures, which manages the David Beckham brand, and Nautica. This is yet another challenge that Coty—already grappling with declining results and the confirmed or imminent loss of several licenses (including Gucci)—could have done without…
As it prepares to release sharply lower quarterly results, Coty could have done without this latest blow…
The Reuters news agency reported that the American beauty group was the subject of lawsuits filed in New York on April 23 by two subsidiaries of the Authentic Brands Group (ABG): DB Ventures, which manages the David Beckham brand, and the Nautica brand.
Unauthorized distributors
Both accuse Coty of breaches of its licensing agreement regarding the fragrances bearing the famous soccer player’s name and the nautical-inspired fashion brand, specifically by distributing their fragrances through unauthorized distributors. They argue that this has damaged their image and caused them serious harm.
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Read more > Coty replaces Sue Nabi and Peter Harf
Featured photo: © David Beckham
