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Key Personnel

•  Markus Strobel, executive chairman of the board and interim CEO

•  Dr. Shimei Fan, chief scientific officer

•  Graeme Carter, chief global supply chain officer

•  Fatima Zahri, chief procurement officer

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New Products

Marc Jacobs Beauty, Bridgerton fragrances, Jawhara unisex eaux de parfums, Adidas Vibes, Rimmel Thrill Seeker Mega Lift Mascara, Calvin Klein Euphoria Elixirs fragrances.

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For its most recently concluded fiscal year, net revenues dropped 4% to $5.89 billion. Prestige net revenue, which represented 65% of that total, declined 1% on a reported basis but was slightly positive on a LFL basis, according to the company.

In January, Markus Strobel moved into the C-suite as executive chairman and interim CEO. The former P&G executive succeeded Peter Harf and replaced Sue Nabi, respectively. Harf retired after more than three decades with the company.

During 2025, Coty sold off its remaining 25.8% stake in Wella to KKR managed capital accounts and investment affiliates. Under the terms of the transaction that was announced in December, Coty was to receive upfront cash consideration of $750 million and 45% of any proceeds from a further sale or an IPO of the business, after KKR’s preferred return is met. Coty said it intended to use the vast majority of that upfront cash to pay down its short- and long-term debt.

Coty also ended its partnership with Kim Kardashian and the SKKN by Kim brand in 2025, selling sale its 20% stake in the brand to Skims.   

In May, Coty signed a partnership with Pencil, a generative AI marketing platform, to put “real-time, AI-powered content creation at the heart” of its Consumer Beauty division, which includes CoverGirl, Rimmel, Sally Hansen, and Max Factor, among other brands. In other AI news, Coty also announced a collaboration with OpenAI to expand the use of advanced AI tools across selected areas of its global organization.

Coty

New York, NY

www.coty.com

Sales: $6.1 billion

Key Personnel: Sue Nabi, chief executive officer; Laurent Mercier, chief financial officer; Kristin Blazewicz, chief legal officer and general counsel; Anna von Bayern, chief corporate affairs officer; Stéphane Delbos, chief procurement officer; Priya Srinivasan, chief people and purpose officer; Caroline Andreotti, chief commercial officer, prestige; Stefano Curti, chief brands officer, consumer beauty; Alexis Vaganay, chief commercial officer, consumer beauty; Dr. Shimei Fan, chief scientific officer; Graeme Carter, chief global supply chain officer; Pierric Duthoit, chief digital officer; John Holtzmann, chief brands officer, prestige; Peter Harf, executive chairman

Major Products: Cosmetics and fragrances. Prestige—Burberry, Calvin Klein, Chloé, Davidoff, Escada, Etro, Gucci, Hugo Boss, Infiniment Coty Paris, Jil Sander, Joop!, Kylie Cosmetics, Kylie Skinn, Lancaster, Marc Jacobs, Marni, Orveda, Philosophy, Tiffany & Co; Consumer—Adidas, Bourjois, Bozzano, Bruno Banani, Cenoura & Bronze, CoverGirl, David Beckham, Gabriela Sabatini, Jovan, Leger by Lena Gercke, Manhattan, Marc Jacobs, Max Factor, Mexx, Miss Sporty, Monange, Nautica, Paixao, Rimmel, Risqué, Sally Hansen, Vera Wang

New Products: Fragrances—Marc Jacobs Daisy Wild, Cosmic Kylie Jenner, Burberry Goddess

Comments: Sales rose 10% last year thanks, in large part, to the success of the prestige fragrance group led by Burberry, Hugo Boss, Calvin Klein, Gucci, Chloe, Davidoff, Joop and Marc Jacobs. The overall increase in consumer beauty sales was due to a positive performance in the color cosmetics category, specifically Manhattan and Risque, mass fragrance (David Beckham and Bruno Banani) and the Brazilian skin and bodycare business (Monange, Paixao and Bozzano). The entire Brazilian market was a bright spot for Coty, geographically speaking. The US and Germany also stood out. In fact, the only major market decline occurred in China.

There was an increase in travel retail channel sales in all regions. Digital and e-commerce channel sales growth also contributed to the increase in net revenues.

For the nine months ended March 31, 2025, Coty’s sales fell 2% to $4.6 billion and the company reported a net loss of $309 million.

“Across economic cycles, beauty has remained resilient for decades. Even in this challenging landscape, we have significantly strengthened our strategic, operational and financial fundamentals, driving margin expansion, stronger cash flow generation, and substantial deleveraging over the past four years,” said CEO Sue Nabi. “While we are not satisfied with our net revenue performance, Coty’s strong fundamentals, coupled with our multi-pronged attack-plan for accelerating innovation, distribution and efficiencies, gives us confidence for the yeears ahead.”

And yet, last month, rumors swirled that Coty was mulling a sale. Whatever the future holds, Coty won’t be keeping a Kardashian. In March, Coty sold its 20% stake in Skkn, Kim Kardashian’s beauty brand, to Skims, her apparel company. Coty and Kardashian had been together since 2020. Despite the move, Coty isn’t giving up entirely on the Kardashian clan.

“I look forward to continuing our work on our hugely successful Kylie Cosmetics brand, which we have grown by 1.5x in the last two years and where we own the majority, as well as hold the perpetual license,” noted Kylie Cosmetics CEO Anna von Bayern.