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May 1, 2017
By: TOM BRANNA
Editor
FRANCE: Coty Inc. has entered into an agreement to acquire the exclusive long-term global license rights for Burberry Beauty luxury fragrances, cosmetics and skin care. Under the agreement, Coty will develop, manufacture and distribute the full range of Burberry Beauty products globally. In FY 2015/16 Burberry Beauty revenue was £203 million ($253 million at current exchange rates). Coty will pay a cash consideration of £130 million for the long-term exclusive global license. “We are proud...
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