Coty Withdraws Guidance as New CEO Launches "Curated" Turnaround Strategy
CoverGirl owner Coty scraps 2026 outlook and unveils strategic reset under new CEO Markus Strobel. Shares fall 10% as company refocuses on core prestige brands.
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Coty Shakes Up Leadership: P&G Veteran Takes the Helm Amid Strategic Review
Cosmetics giant Coty appoints P&G veteran Markus Strobel as interim CEO and board chair as part of leadership overhaul. Company reviews consumer beauty strategy amid stock decline.
L'Oréal Acquires Kering Beauty for $4.66B: What It Means for the Luxury Market
L'Oréal buys Kering Beauty for $4.66B, gaining Creed and 50-year licenses for Gucci, Balenciaga beauty products. Coty faces major headwind losing Gucci brand.