Browsing Tag
Markus Strobel
3 posts
Coty profit fell 27% and net debt is $2.9bn. Why is its new CFO arriving now?
Former British American Tobacco CFO Soraya Benchikh has joined Coty as finance chief, inheriting $2.9 billion of net debt, a 27% decline in adjusted operating income, a Consumer Beauty strategic review and a portfolio simplification programme designed to restore growth and margins.
Coty (NYSE: COTY) transfers Gucci Beauty license to Kering for $400m
Coty transfers Gucci Beauty license back to Kering for $400 million, one year early. L'Oréal takes over in 2027 under 50-year alliance. COTY debt paydown ahead.
Coty (NYSE: COTY) names Markus Strobel as Executive Chairman and interim CEO in dual leadership shift
Coty (NYSE: COTY) appoints Markus Strobel as Executive Chairman and interim CEO. Find out what this means for Coty’s Consumer Beauty strategy and investor outlook.