Coty Inc. entered into a License Termination and Transition Agreement with Kering S.A. and Gucci to terminate the Gucci Beauty license one year early on June 30, 2027. The Company will receive approximately $400 million in aggregate consideration, including an initial $250 million cash payment received upon signing and a subsequent $150 million payment due by September 30, 2027, subject to a potential $30 million holdback. Coty intends to use the proceeds to reduce debt, reinvest in core fragrance and beauty brands, and optimize organizational structure. Coty Inc. is a global beauty company that manufactures and commercializes beauty products.
