Coty Inc has announced that it is exploring a potential listing on the Paris Stock Exchange. If the listing process goes ahead, Coty would become a dual-listed company on both the New York Stock Exchange and the Paris Stock Exchange, further expanding its reach in Europe and providing an additional opportunity to connect with investors in the market. The move is aligned with Coty’s over 100-year heritage in France and significant business footprint in Europe.
“Paris is the historic home of beauty, and the industry still holds a special attraction for investors there. The Board’s interest in exploring a potential listing on the Paris Stock Exchange has been made possible thanks to the progress Coty has made under Sue Y. Nabi’s leadership”, said Peter Harf, Coty’s Chairman. “We have seen consistent growth over the last 10 quarters, in line with or ahead of market expectations, underpinned by targeted investment, disciplined cost controls and a clear debt reduction program. The strength of this performance is testament to Sue’s reputation as one of the beauty industry’s most innovative and talented figures, and the leadership team she has built at Coty.”
Sue Y. Nabi added, “As a long-term shareholder in the company, I am grateful to the Board for their continued support and trust, and delighted to have the opportunity of leading Coty through this next chapter of growth and value creation. We are committed to driving sustainable innovation across fragrance, color cosmetics and skincare as we rise to meet the consumer needs of the future, while simultaneously campaigning to change outdated definitions of beauty through the #undefinebeauty campaign.”
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