Coty, a global beauty powerhouse, has reached a significant milestone by successfully listing on Euronext Paris, using the ticker code COTY. This strategic move represents a defining moment in Coty’s rich history as a frontrunner in the beauty industry.

Coty boasts a stellar portfolio spanning three key pillars: fragrances, color cosmetics, and skincare/body care. Within these categories, the company holds prestigious brands such as Burberry, Calvin Klein, Chloé, Gucci, Hugo Boss, and Lancaster, in addition to consumer beauty giants like adidas, Bourjois, Kylie Cosmetics, Cover Girl, Max Factor, and Rimmel. Coty ranks among the top three globally in both fragrance and mass color cosmetics.

Coty’s origins date back to its establishment in Paris, France, in 1904, initially as a fragrance specialist. Over the years, it diversified and expanded, ultimately emerging as a major player in the beauty industry. In 2013, Coty took a significant step by becoming publicly listed on the New York Stock Exchange. Over the past three decades, the company has meticulously curated a diversified portfolio, offering consumers innovative products across various price points.

Coty’s choice to pursue a dual listing with Euronext signifies a strategic move at a crucial juncture in its journey as a global beauty industry leader. The listing event on September 28, 2023, witnessed the admission of 957,451,854 shares for trading, which included 33,000,000 new shares issued as part of the Global Offering. This listing enabled Coty to raise a substantial €339,240,000, with each share priced at €10.45. Notably, the market capitalization on the day of listing stood at approximately €10.01 billion, underscoring Coty’s substantial footprint in the beauty market.

Sue Nabi, Chief Executive Officer of Coty, shared her excitement regarding this momentous achievement, stating, “We are thrilled to have successfully completed our listing on Euronext Paris. Being traded in the heart of the luxury and beauty industries opens up opportunities for European investors to participate in our dynamic growth story. As we approach our 120th Anniversary, this dual listing pays tribute to Coty’s unique heritage. We have returned to our Parisian roots to mark the next chapter in Coty’s mission to redefine beauty.”

Coty’s dual listing on Euronext Paris not only signifies financial growth but also celebrates its enduring legacy and commitment to reshaping the beauty landscape. As Coty commemorates its 120th Anniversary, this listing is a testament to its resilience and dedication to transforming the world of beauty.

Coty Official Website: You can access official information about Coty on their website: https://www.coty.com/

Some of Coty’s Iconic Brands:

  1. Burberry: https://www.burberry.com/
  2. Calvin Klein: https://www.calvinklein.us/
  3. Gucci: https://www.gucci.com/
  4. Hugo Boss: https://www.hugoboss.com/
  5. Cover Girl: https://www.covergirl.com/
  6. Max Factor: https://www.maxfactor.com/
  7. Rimmel London: https://www.rimmellondon.com/