Kering

Coty, the USA-based beauty company, has entered into an agreement to transition the Gucci Beauty license back to Kering for a consideration of approximately $400 million. Under the terms of the agreement, Coty will continue to operate the Gucci Beauty brand until at least 30th June 2027, ending the license approximately one year ahead of the original license term. As part of the agreement, Coty received $250 million in cash …