From Yahoo Finance: 2025-06-16 14:30:00

Beauty company Coty is looking to sell off its luxury and consumer divisions, including brands like Gucci and CoverGirl. U.S.-listed shares of Coty rose 7% amid news of the potential selloff. The company has struggled with a challenging economic environment and President Trump’s trade policies, leading to a 25% stock drop this year. Coty has adjusted its production and raw material sourcing in response to tariff concerns. Discussions with Interparfums about selling the luxury business are in early stages. Coty and Interparfums have not commented on the rumors.



Read more at Yahoo Finance: CoverGirl parent Coty exploring sale, WWD reports