Coty Inc - Ordinary Shares - Class A

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Coty Adds Ultra Premium Skincare Brand Orveda To Prestige Portfolio

Published: 11/18/2021 13:43 GMT
Coty Inc - Ordinary Shares - Class A (COTY) - Coty Adds Ultra Premium Skincare Brand Orveda to Prestige Portfolio.
Coty Inc - Entered Into a Licensing Agreement With Orveda, an Ultra-premium Skincare Brand Made in France.
Coty Inc - Plans to Immediately Begin to Integrate Orveda and Its Know-how in Microbiome Science Into Company's Prestige Portfolio.
Coty Inc - Orveda's Brand and Product Development and Global Marketing Will Be Managed by Coty Chief Prestige Brands Officer, Constantin Sklavenitis.
Coty Inc - As Part of Agreement, Orveda Co-founder and Sole Owner Nicolas Vu Will Continue to Lead Company As Its Ceo.
Coty - Coty CEO Sue Y. Nabi, Co-founder of Brand With Vu, No Longer Has an Ownership Interest in Orveda Or Any Formal Role Since Joining Coty As Its Ceo.
Coty Inc - License Arrangement Will Not Be Material for Coty in Near-term.