Coty (COTY) has extended its licensing agreement with Marc Jacobs brand owners WHP Global and G-III Apparel Group, securing the partnership for a 40-year term, the company said Wednesday.
Marc Jacobs Beauty has surpassed retail sales targets within months of its relaunch, while its fragrances rank among the top 10 to 15 prestige women's fragrances across the US, UK, Canada and Australia, the company said.
The extended agreement enhances the long-term visibility of Coty's Prestige portfolio and creates opportunities to expand Marc Jacobs Beauty globally, particularly in color cosmetics, it added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments