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CORPORATE FRANCHISE BUSINESS OPPORTUNITY IN INDIA

No Gucci, no problem? Coty learns to live without flagship brand

By agreeing to return the licence to its owner Kering in mid-2027, Coty will effectively ​give up about $115 million of its annual adjusted EBITDA, or 15% of total profits, according to Barclays analyst Lauren Lieberman's estimates. The deal with Kering, which last year agreed to sell the Gucci fragrance and cosmetics licence to L'Oreal along with Kering's entire beauty business, will free up $250 million upfront, ​with $150 million to follow before October 2027.

from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/apparel-fashion/jewellery/no-gucci-no-problem-coty-learns-to-live-without-flagship-brand/132527970
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