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A second wind for Coty<\/strong>? The Franco-American beauty products company, said Friday that it was studying the possibility of a second listing on the Paris Stock Exchange, in addition to the New York Stock Exchange (NYSE)<\/strong>. The group hopes to attract new investors and strengthen its presence in Europe, especially for its CoverGirl<\/strong> brand.<\/p>\n <\/p>\n Also known for its perfume brands such as Hugo Boss, Gucci and Burberry<\/strong>, Coty had confirmed in March its annual profit forecast. That is, the projection of like-for-like sales growth for the year, at the top end of its previous forecast<\/a> range of 6 to 8%<\/strong>.<\/p>\n <\/p>\n The company is expected to announce the results of its third fiscal quarter<\/strong> next week, after its competitor Est\u00e9e Lauder<\/strong>. The latter is anticipating poor numbers<\/strong> <\/a>due to a weak recovery in duty-free and travel destinations, particularly in Asia.<\/p>\n <\/p>\n <\/p>\n “Paris is the historic cradle of beauty and the sector still has a particular appeal to investors. The board’s interest in considering a possible listing on the Paris Stock Exchange was made possible by the progress Coty has made”<\/em> under the leadership of CEO Sue Nabi<\/strong>, said Peter Harf<\/strong>, the group’s chairman, quoted in a statement.<\/p>\n <\/p>\n It should also be remembered that Paris is the historical birthplace of the group, founded in 1904<\/strong>. In the capital, Fran\u00e7ois Coty<\/strong> is then a visionary and controversial perfumer. He owned the Figaro<\/strong> for a while before launching the far-right daily L’Ami du Peuple<\/strong>. The group then expanded rapidly across the Atlantic and set up its headquarters in the United States<\/strong>, shortly before the death of its founder in 1934<\/strong>. In 1963<\/strong>, the group was acquired by Pfizer<\/strong>, then sold thirty years later to JAB Holding<\/strong>. In 2013<\/strong>, JAB Holding floated Coty on the stock market and currently holds 53%<\/strong> of the capital, as the reference shareholder.<\/p>\n <\/p>\n <\/p>\n The American cosmetics group, which has released $5.3 billion (\u20ac4.8 billion) in revenue in 2022<\/a><\/strong>, has not always been in good health. When Sue Nabi took the reins in 2020<\/strong>, the company was then indebted to a series of acquisitions, unstable management and heavy losses.<\/p>\n <\/p>\n The company’s leader has accelerated the move upmarket, with a prestige division achieving an Ebitda margin of 21%<\/strong>, while consumer beauty products settle for 12%<\/strong>. The group has also focused on online retail, developing skin care and hopes to double its sales in China to more than $600 million<\/strong>. Satisfied with the turnaround, JAB Holding announced Friday that it was extending the CEO’s tenure through 2030.<\/strong><\/p>\n <\/p>\n Coty’s stock has risen 38%<\/strong> since the beginning of the year in New York and is now paying 32 times its expected net profit<\/strong>. However, it is still trading at a lower price than five years ago.<\/p>\n <\/p>\n If it were to join Euronext Paris, Coty, which is worth $10 billion on the stock market, would be far behind L’Oreal<\/strong>. The French cosmetics giant pays 35 times its profits and is worth 226 billion euros on the stock market<\/strong>!<\/p>\n <\/p>\n <\/p>\n Read also >Coty extends its licensing agreement with Jil Sander<\/a><\/p>\n <\/p>\n Featured photo : \u00a9 Coty[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]<\/p>\n <\/p>\n A second wind for Coty<\/strong>? The Franco-American beauty products company, said Friday that it was studying the possibility of a second listing on the Paris Stock Exchange, in addition to the New York Stock Exchange (NYSE)<\/strong>. The group hopes to attract new investors and strengthen its presence in Europe, especially for its CoverGirl<\/strong> brand.<\/p>\n <\/p>\n Also known for its perfume brands such as Hugo Boss, Gucci and Burberry<\/strong>, Coty had confirmed in March its annual profit forecast. That is, the projection of like-for-like sales growth for the year, at the top end of its previous forecast<\/a> range of 6 to 8%<\/strong>.<\/p>\n <\/p>\n The company is expected to announce the results of its third fiscal quarter<\/strong> next week, after its competitor Est\u00e9e Lauder<\/strong>. The latter is anticipating poor numbers<\/strong> <\/a>due to a weak recovery in duty-free and travel destinations, particularly in Asia.<\/p>\n <\/p>\n <\/p>\n “Paris is the historic cradle of beauty and the sector still has a particular appeal to investors. The board’s interest in considering a possible listing on the Paris Stock Exchange was made possible by the progress Coty has made”<\/em> under the leadership of CEO Sue Nabi<\/strong>, said Peter Harf<\/strong>, the group’s chairman, quoted in a statement.<\/p>\n <\/p>\n It should also be remembered that Paris is the historical birthplace of the group, founded in 1904<\/strong>. In the capital, Fran\u00e7ois Coty<\/strong> is then a visionary and controversial perfumer. He owned the Figaro<\/strong> for a while before launching the far-right daily L’Ami du Peuple<\/strong>. The group then expanded rapidly across the Atlantic and set up its headquarters in the United States<\/strong>, shortly before the death of its founder in 1934<\/strong>. In 1963<\/strong>, the group was acquired by Pfizer<\/strong>, then sold thirty years later to JAB Holding<\/strong>. In 2013<\/strong>, JAB Holding floated Coty on the stock market and currently holds 53%<\/strong> of the capital, as the reference shareholder.<\/p>\n <\/p>\n <\/p>\n […][\/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…<\/p>\n Already have an account ? Please log in<\/b><\/a>.<\/strong><\/p>\n [\/vc_cta][vc_column_text]Featured photo : \u00a9 Coty[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”subscriber,customer”][vc_column][vc_column_text]<\/p>\n <\/p>\n A second wind for Coty<\/strong>? The Franco-American beauty products company, said Friday that it was studying the possibility of a second listing on the Paris Stock Exchange, in addition to the New York Stock Exchange (NYSE)<\/strong>. The group hopes to attract new investors and strengthen its presence in Europe, especially for its CoverGirl<\/strong> brand.<\/p>\n <\/p>\n Also known for its perfume brands such as Hugo Boss, Gucci and Burberry<\/strong>, Coty had confirmed in March its annual profit forecast. That is, the projection of like-for-like sales growth for the year, at the top end of its previous forecast<\/a> range of 6 to 8%<\/strong>.<\/p>\n <\/p>\nBack to the roots<\/h2>\n
Company in redemption<\/h2>\n
<\/h4>\n
The beauty specialist Coty has announced that it is considering a listing on the Paris stock exchange, in addition to the New York one. A decision that makes sense, while the Franco-American group, born in the French capital, has been improving its results for two years.<\/h4>\n
Back to the roots<\/h2>\n
Company in redemption<\/h2>\n
The beauty specialist Coty has announced that it is considering a listing on the Paris stock exchange, in addition to the New York one. A decision that makes sense, while the Franco-American group, born in the French capital, has been improving its results for two years.<\/h4>\n