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Why Coty Sees Its Future in France

The New York-based beauty conglomerate is exploring a dual listing on the Paris Stock Exchange, citing access to new investors and a desire to shore up its French heritage. What a listing’s structure and benefits would look like remain to be seen.
Coty office building.
Coty is considering a dual listing in Paris. (Shutterstock)

Last week, while sharing an update on Coty’s strategy with investors at Paris’ Hôtel du Louvre, chief executive Sue Nabi noted the gathering was happening in the same location where fundraising efforts for the Statue of Liberty — France’s gift to the US symbolising eternal friendship — kicked off.

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Further Reading

For Coty, Is It Goodbye Gucci?

With its new beauty division, Kering clearly wants to exert more control over its fashion houses’ beauty businesses. That could spell trouble for the companies that currently hold lucrative fragrance and cosmetics licenses.

About the author
Joan Kennedy
Joan Kennedy

Joan Kennedy is Correspondent at The Business of Fashion. She is based in New York and covers beauty and marketing.

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