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Coty’s Interim CEO Gives Updates on Gucci License, Orveda Stores and CoverGirl’s Gen X Push
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Coty’s Interim CEO Gives Updates on Gucci License, Orveda Stores and CoverGirl’s Gen X Push

WWD·Kathryn Hopkins·27 days ago
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When it comes to the Gucci license, everything is on the table, according to Coty interim chief executive officer Markus Strobel. “When it comes to Gucci , yes, obviously we are open to everything — to an early exit. If it creates value for us, it needs to create value for us and for our shareholders. And if anything becomes clear and fixed. We will obviously notify the public as it’s based on our requirements,” he said during a post-earnings call with analysts when asked if he is still open to a disposal ahead of the license maturity. Related Articles In October, L’Oréal acquired the rights to enter into a 50-year exclusive license for the creation, development and distribution of fragrance and beauty products for Gucci , starting in 2028, when Coty’s license with Kering expires.  In February, L’Oréal CEO Nicolas Hieronimus said he would be happy to receive the brand sooner.…

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