Coty will receive approximately $400 million for the early termination and transition of the Gucci Beauty license and will continue operating Gucci Beauty through at least June 30, 2027.
Key Highlights:
- Entered License Termination and Transition Agreement with Kering and Gucci to end Gucci Beauty license June 30, 2027 (one year early).
- Coty will receive aggregate consideration of approximately $400 million: $250M at signing and $150M later (up to $30M holdback possible).
- Coty to sell Gucci Beauty inventory to Kering to support transition; inventory payments payable after invoices during transition.
- Proceeds intended for debt reduction, reinvestment in core prestige fragrance and beauty brands, and organizational optimization.
- Parties agreed to mutual resolution of all pending litigation and related claims to enable an orderly transition.
Original SEC Filing:
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