Coty Inc. Buyback
OLI recorded this information on 11/13/2023
Company: |
Coty Inc. |
Buyback: |
COTY buyback |
$Amount Authorized: |
$1,000,000,000 |
Buyback Details: |
Coty Inc. (NYSE:COTY) today announced that its Board of Directors has increased its share repurchase program authorization by an additional $600 million to a total availability of approximately $1 billion. In connection with today's announcement, Coty is entering into total return swaps in respect of its Class A Common Stock with several banks to hedge its potential exposure to prevailing stock price trading levels over the applicable hedging periods for a planned share buyback of approximately 25 million shares in fiscal 2026. |
Coty is a beauty company. Co. manufactures, markets, sells and distributes beauty products, including fragrances, color cosmetics and skin and body related products. Co.'s reportable segments are Prestige and Consumer Beauty. Co.'s brand portfolio under Consumer Beauty segment are: Adidas, Beckham, Biocolor, Bozzano, Bourjois, Bruno Banani, CoverGirl, Jovan, Max Factor, Mexx, Monange, Nautica, Paixao, Rimmel, Risque, and Sally Hansen. Co.'s brand portfolio under Prestige segment are: Burberry, Calvin Klein, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co.
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Company Name: |
Coty, Inc. |
Stock buyback: |
COTY buyback |
Website: |
www.coty.com |
Sector: |
Consumer Goods |
Number of ETFs Holding COTY: |
59 |
Total Market Value Held by ETFs: |
$705.71M |
Total Market Capitalization: |
$10.29B |
% of Market Cap. Held by ETFs: |
6.86% |
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