Coty Reportedly Weighs Strategic Split of Luxury and Consumer Divisions

Coty Inc. (NYSE:COTY) is one of the 10 best-value penny stocks to buy, according to analysts. On June 16, WWD (Women’s Wear Daily) reported that Coty (NYSE:COTY) is exploring a potential sale, possibly splitting its business into two parts—luxury and consumer. Sources suggest the move is in early discussion stages, with no formal statement from the company yet.

Coty Reportedly Weighs Strategic Split of Luxury and Consumer Divisions

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Coty, known for brands like CoverGirl, Rimmel, and Kylie Cosmetics, has been undergoing a transformation under CEO Sue Nabi, emphasizing premiumization and skincare expansion. If pursued, this strategic split could mark one of the beauty sector’s most significant deals in recent years.

Coty Inc. (NYSE:COTY) is a global beauty company known for its fragrance, color cosmetics, and skin and body care products portfolio. It operates in luxury and mass market segments, selling products in over 130 countries and territories.

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