Jil Sander

Coty Reports Strong 3Q23 Results Ahead of Expectations

Retrieved on: 
Tuesday, May 9, 2023

Coty Inc. (NYSE: COTY) ("Coty" or "the Company") today announced its results for the third quarter of fiscal year 2023, ended March 31, 2023.

Key Points: 
  • Coty Inc. (NYSE: COTY) ("Coty" or "the Company") today announced its results for the third quarter of fiscal year 2023, ended March 31, 2023.
  • Coty's strong Q3 sales performance came in well ahead of expectations and recently raised guidance, fueled by accelerating demand for prestige fragrances, retailer restocking and Coty initiatives.
  • Commenting on the operating results, Sue Y. Nabi, Coty's CEO, said:
    "We are once again proud to report strong operational and financial performance, with today’s Q3 results marking the eleventh consecutive quarter of results in-line to ahead of expectations.
  • Coty continues to see strong demand growth across nearly all categories and markets, particularly in Prestige fragrances, with Coty maintaining strong launch activity in both Prestige and Consumer Beauty.

Coty Announces Extension of License Agreement With Jil Sander

Retrieved on: 
Thursday, January 12, 2023

The renewal of the license agreement will strengthen the existing business partnership while paving the way for a brand new 10-year strategic project, which will see Jil Sander brand stepping into global ultra-premium fragrances' segment for the first time ever.

Key Points: 
  • The renewal of the license agreement will strengthen the existing business partnership while paving the way for a brand new 10-year strategic project, which will see Jil Sander brand stepping into global ultra-premium fragrances' segment for the first time ever.
  • The agreement is perfectly aligned with the strategy of further growth of the brand, which has been set by OTB Group after the acquisition of Jil Sander in 2021.
  • Sue Y. Nabi, Coty’s CEO, said: “We are very pleased to extend Coty’s long-term partnership with Jil Sander, a rich shared history dating back to the 1980s.
  • Our future strategy will focus on aligning Jil Sander fragrances with the brand’s fashion division, which appeals to the global ultra-premium market.