Stock Track | Coty Soars 5.09% Intraday on Kering CEO's Comments About Gucci License Discussions

Stock Track

02/10

Coty's stock price surged 5.09% during intraday trading on Tuesday, following remarks from Kering's CEO regarding the Gucci beauty license.

Kering CEO Luca de Meo declined to comment on whether he would be interested in taking back the Gucci beauty license from Coty before its 2028 expiry. However, he stated that the company continues to respect the current contract and expressed a desire to discuss the matter directly with Coty. This news likely reassured investors about the stability of the partnership and potential for constructive dialogue, leading to the positive market reaction.

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