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Coty (Class A) (COTY) Q3 2021 Earnings Call Transcript


Operator
Good morning, ladies and gentlemen. My name is Maria, and I ll be your conference operator today. At this time, I would like to welcome everyone to Coty s third-quarter fiscal 2021 results conference call. As a reminder, this conference call is being recorded today, May 10th, 2021.
On today s call are Sue Nabi, chief executive officer; and Laurent Mercier, chief financial officer. I would like to remind you that many of the comments today may contain forward-looking statements. Please refer to Coty s earnings release and the reports filed with the SEC, where the company lists factors that could cause actual results to differ materially from these forward-looking statements. In addition, except where noted, the discussion of Coty s financial results and Coty s expectations reflects certain adjustments as specified in the non-GAAP financial measures section of the company s release. ....

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Coty Unveils Long-term Strategy


Coty Unveils Long-term Strategy
WASHINGTON (dpa-AFX) - Coty Inc. (COTY) unveiled its long-term strategy. It rejuvenates globally-renowned beauty brands, including CoverGirl, Rimmel and Max Factor. It unveiled major new campaign for CoverGirl Simply Ageless - anti-aging foundation in the U.S. The company is on track to reach near term revenue, adjusted EBITDA and deleveraging targets.
In a presentation to investors, Coty Chief Executive Officer, Sue Nabi, said the company expects to strengthen CoverGirl s appeal to a broader U.S. consumer base.
Coty plans to build its skincare portfolio across Mass and Prestige. Coty currently has three skincare brands, with a fourth brand, SKKN by Kim, launching in Fiscal Year 2022. Coty now sees an opportunity to extend several of its designer brands and consumer beauty brands into the skincare portfolio. ....

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Cover Girl Names Niki Taylor Face of 'Simply Ageless' Line


Cover Girl Names Niki Taylor Face of ‘Simply Ageless’ Line
Women s Wear Daily (WWD)
3 hrs ago
James Manso
Amid chief executive officer Sue Nabi‘s transformation of Coty Inc., what’s old is new again, starting with Cover Girl.
The makeup brand has announced the rekindling of its partnership with model Niki Taylor, who served as one of the brand’s “Cover Girls” three decades ago. She will serve as the face of Simply Ageless, the brand’s anti-aging makeup and skin care range.
More from WWD
“I’ve been a fan of Cover Girl since I was a teenager and I am so proud and honored to rejoin this iconic American brand, years later, as the face of their good-for-skin makeup line, Simply Ageless,” Taylor said in a statement. ....

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