Coty Inc. announced a leadership transition involving Laurent Mercier, who ceased serving as Chief Financial Officer on September 1, 2026, following the appointment of Soraya Benchikh to that role. Mercier assumed the position of Strategic CEO Advisor through June 30, 2027, retaining an annual base salary of €825,000 and receiving a fixed one-time bonus of €290,000. He will assist with the transition during September and October 2026 before being released from active duties on November 1, 2026, while remaining available for advisory services. The filing details his compensation structure, equity vesting terms, and post-employment covenants. Coty Inc. operates in the beauty industry, manufacturing and selling cosmetics, fragrances, skincare, and hair care products.

Coty Inc. announced a planned Chief Financial Officer succession effective September 1, 2026. Soraya Benchikh succeeds Laurent Mercier as CFO and principal financial officer. Benchikh brings over two decades of experience from British American Tobacco, Diageo, General Electric, and Gillette. Her compensation includes an annual base salary of €1,165,000, a target bonus of 150% of base salary, a $2.5 million sign-on RSU award, 1.5 million stock options, and a €860,000 sign-on bonus payable in September 2027. Concurrently, the Board approved increased compensation for Executive Chairman and Interim CEO Markus Strobel, raising his base salary to $1,600,000 and target bonus to 170% of base salary with a $3 million annual equity grant. Chief Legal Officer Kristin Blazewicz received a $1,275,000 bonus payable in two installments. Coty is a global leader in beauty products spanning fragrance, color cosmetics, and skin and body care.

Coty Inc. reported fourth-quarter fiscal 2026 results ending June 30, 2026, with net revenues of $1,269.2 million, a 1% increase on a reported basis but a 1% decline on a like-for-like basis. The company posted a reported operating loss of $42.7 million and a net loss attributable to common shareholders of $144.3 million, compared to an operating income of $15.5 million in the prior year period. Full-year fiscal 2026 revenues were $5,806.6 million, with adjusted EBITDA of $846.9 million and free cash flow of $348.2 million. Coty announced an agreement to sell its Gucci Beauty license back to Kering for $400 million plus inventory proceeds, approximately one year early. The company also monetized its remaining Wella stake for $750 million in December 2025. Coty operates as a global beauty company with prestige and consumer beauty brands.

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.

Priya Srinivasan, Chief People and Purpose Officer, resigned from Coty Inc. effective August 31, 2026. The resignation was not due to any disagreement with the company's operations, policies, or practices. Coty Inc. is a global beauty products company.