Coty American Studies is also listed on the Paris Stock Exchange

Coty studies French. The American perfume and cosmetics company, which is currently listed on the New York Stock Exchange, announced in a statement that it is considering listing on the Paris Stock Exchange as well.

The company said in a statement that the company’s goal is to “strengthen Coty’s presence in Europe and provide an additional means to attract more investors.” The group added that this decision is “in keeping with Coty’s heritage of more than a hundred years in France and an important commercial footprint in Europe.”

next to, Coty has announced that it will extend the contract of its CEO, Sue Y. Nabi, through 2030. The deal also includes a significant performance-related equity portion, as well as a bonus.

Since the Board of Directors became the CEO of the company in September 2020, Coty ‘now financially stronger’The company has indicated. The collection has collected ten consecutive quarters of rising sales and its flagship brands, Coty CoverGirl, Bourjois, Max Factor and Rimmel are back on a positive trajectory.

Coty has also extended its CEO’s contract through 2030

“Paris is the historic home of beauty, and the industry continues to be particularly attractive to investors there,” said Peter Harff, Coty Chairman. “The Board’s interest in exploring the possibility of listing on the Paris Stock Exchange was made possible by the progress Coty has made under the leadership of Sue Y. Nabi,” the director added.

The company that will publish its third-quarter financial results on May 9, Finished the first semester with a 1% drop in salesWhich prompted him to implement a series of cost optimization measures.

Following these actions, Coty has set a new forecast for the end of the year, which is now going through a record sales increase of 8%. The cosmetics company maintains its forecast for total operating results (EPDITA), which pass through to get between $955 million and $965 million, which means growth of between 9% and 11% for the next run.