Coty Sells Final Wella Stake, Frees Up Cash For Debt Cuts

Benzinga12-19

Coty Inc. (NYSE:COTY) stock rose Friday after it disclosed the sale of its remaining 25.8% stake in Wella to KKR & Co. Inc. (NYSE:KKR)–managed accounts and affiliates. The company is selling a stake ...

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(NYSE:KKR)–managed accounts and affiliates.\nThe company is selling a stake ...</p>\n\n<a href=\"https://www.benzinga.com/markets/asset-sales/25/12/49501226/coty-sells-final-wella-stake-frees-up-cash-for-debt-cuts\">Source Link</a>\n\n</div>\n","source":"benzinga_hot_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coty Sells Final Wella Stake, Frees Up Cash For Debt Cuts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoty Sells Final Wella Stake, Frees Up Cash For Debt Cuts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-19 18:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/asset-sales/25/12/49501226/coty-sells-final-wella-stake-frees-up-cash-for-debt-cuts><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coty Inc. (NYSE:COTY) stock rose Friday after it disclosed the sale of its remaining 25.8% stake in Wella to KKR & Co. Inc. (NYSE:KKR)–managed accounts and affiliates.\nThe company is selling a stake ...</p>\n\n<a href=\"https://www.benzinga.com/markets/asset-sales/25/12/49501226/coty-sells-final-wella-stake-frees-up-cash-for-debt-cuts\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1791807156.HKD","symbol_name":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","start_time":0,"source_url":"https://www.benzinga.com/markets/asset-sales/25/12/49501226/coty-sells-final-wella-stake-frees-up-cash-for-debt-cuts","article_id":"2592166313","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2025/12/19/Coty-Coty-Logo--Signage-On-The-Facade-Of.jpeg?optimize=medium&dpr=2&auto=webp&width=630"],"rights":{"source":"benzinga_hot_news","url":"https://www.benzinga.com/markets/asset-sales/25/12/49501226/coty-sells-final-wella-stake-frees-up-cash-for-debt-cuts","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2592166313","pubTimestamp":1766141940,"columns":[],"sourceInfo":{"source_id":"benzinga_hot_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Coty Inc.  stock rose Friday after it disclosed the sale of its remaining 25.8% stake in Wella to KKR & Co. Inc. –managed accounts and affiliates.The company is selling a stake for an upfront cash of $750 million and 45% of any future sale or IPO proceeds after KKR’s preferred return.Given Wella’s strong performance and current market valuations, Coty expects potential additional cash proceeds, bringing total returns close to the investment’s carrying value.The company plans to use most of the Wella sale proceeds, after taxes, to pay down short- and long-term debt.Combined with the strong free cash flow of over $350 million in the first half of fiscal 2026, this is expected to lower Coty’s net leverage to around 3x by the end of 2025.“Completing this transaction exactly in line with our original target to fully divest Wella by the end of CY25 underscores our focus on delivering on our financial commitments and crystallizing value from non-core assets, all while sharpening our strategic","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","COTY":"科蒂","BK4135":"资产管理与托管银行","LU1935043536.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (SGDHDG) INC A","IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","BK4183":"个人用品","BK4588":"碎股","KKR":"KKR & Co L.P.","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU0106831901.USD":"贝莱德世界金融基金A2","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4585":"ETF&股票定投概念","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU1935043023.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (USD) INC A","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU1935042215.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (USD) INC A","LU1935042991.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (SGDHDG) INC","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU1935042488.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (USD) INC"},"translate_title":"科蒂出售威娜最终股份，释放现金用于削减债务","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COTY":1.5,"KKR":1},"content_text":"Coty Inc. (NYSE:COTY) stock rose Friday after it disclosed the sale of its remaining 25.8% stake in Wella to KKR & Co. Inc. (NYSE:KKR)–managed accounts and affiliates.\nThe company is selling a stake for an upfront cash of $750 million and 45% of any future sale or IPO proceeds after KKR’s preferred return.\nGiven Wella’s strong performance and current market valuations, Coty expects potential additional cash proceeds, bringing total returns close to the investment’s carrying value.\nThe company plans to use most of the Wella sale proceeds, after taxes, to pay down short- and long-term debt.\nCombined with the strong free cash flow of over $350 million in the first half of fiscal 2026, this is expected to lower Coty’s net leverage to around 3x by the end of 2025.\nLaurent Mercier, Coty’s CFO, said, “Our strategic partnership with KKR has proven highly value accretive. We have benefited from Wella’s strong growth by progressively monetizing our stake, allowing us to strengthen Coty’s financial foundations year after year.”\n“Completing this transaction exactly in line with our original target to fully divest Wella by the end of CY25 underscores our focus on delivering on our financial commitments and crystallizing value from non-core assets, all while sharpening our strategic focus.”\nIn November, the company reported first-quarter adjusted EPS of 12 cents, which missed the consensus of 15 cents, while revenue came in at $1.577 billion, in line with expectations.\nCoty expects gradual sales improvement in fiscal 2026, with second-quarter LFL sales likely at the high end of the -3% to -5% range, led by Prestige and Consumer Beauty.\nA low-to-mid single-digit FX boost is expected, and LFL growth is forecast for the second half of fiscal 2026, supported by key Prestige launches and easier comparisons.\nCOTY Price Action: Coty shares were up 0.92% at $3.28 during premarket trading on Friday, according to Benzinga Pro data.\nRead Next:\nPhoto by OleksSH via Shutterstock","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2592166313","isCrawlerRequest":true}