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Coty to Return Gucci Beauty License to Kering Ahead of Schedule
Coty agreed to transfer the Gucci Beauty license back to Kering in a $400 million deal. The company will operate the license through June 2027 and receive staged cash payments plus possible performance incentives.
Jul 7, 5:31 PM·1m read2 sources
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Coty will transfer the Gucci Beauty license back to Kering ahead of schedule in a transaction valued at $400 million. Coty and Kering reached agreement on the early return. Coty will continue operating Gucci Beauty through at least June 30, 2027.
Coty will receive $250 million in upfront cash. It will collect another $150 million by September 30, 2027, and may receive up to $30 million in performance-based payments. Coty plans to sell its Gucci Beauty inventory to Kering.
The company expects to incur about $30 million in cash taxes from the transaction.
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