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Long-term global deal for fragrances, cosmetics and skin care.
April 3, 2017
By: Christine Esposito
Editor-in-Chief
Coty Inc. has entered into an agreement to acquire the exclusive long-term global license rights for Burberry Beauty luxury fragrances, cosmetics and skincare. 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 £203M (approximately $254 million). Coty will pay a cash consideration of £130M (approximately $163 million) for the long-term exclusive global license. “We are proud to...
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