Coty

[koh-tee, kaw-tee]

noun

1. René Jules Gustave 1882–1962, president of France 1954–59.

Example Sentences

L’Oréal also gets a 50-year license to sell perfume and cosmetics for Kering’s brands Bottega Veneta and Balenciaga, as well as the license for Gucci once a pre-existing agreement with Coty expires.

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Coty’s share price has dropped about 40% since the beginning of the year.

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In the latest quarter, Coty reported a sales drop fueled by a 12% decline in the company’s mass-market beauty business unit, which includes drugstore brands such as Sally Hansen, Max Factor and Rimmel.

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Coty has cited headwinds including locked shelves in stores, immigration policy changes, and the ever-tightening squeeze on low-income consumers.

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Coty plans to lean into its higher-end beauty brands as well as its mass-market fragrances, and merge them into a single business unit, according to a company announcement reviewed by The Wall Street Journal.

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