Coty Announces Agreement With Kering for Early Transition of Gucci Beauty License
Coty has agreed to transition the Gucci Beauty license back to Kering roughly one year ahead of schedule in exchange for approximately $400 million in total consideration. The company received $250 million in cash at closing and will receive an additional $150 million by late 2027, while continuing to operate the brand through at least June 30, 2027.
Key figures
- Deal Value Usd
- 400000000
- Consideration future
- 150000000
- Estimated cash taxes
- 30000000
- Consideration initial cash
- 250000000
- Consideration contingent max
- 30000000
AI analysis
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