Overview

• Coty has begun preliminary discussions to divest its Luxury division comprising Gucci, Burberry, Jil Sander and Hugo Boss alongside its mass-market Consumer arm.
• Interparfums has signaled interest in acquiring Coty’s fragrance business, particularly the Burberry and Hugo Boss licenses.
• Industry sources indicate any deal for the fragrance portfolio could take the form of a strategic partnership or merger rather than a direct acquisition.
• Kering intends to internalize Gucci fragrance and beauty activities once Coty’s license ends in 2028, adding urgency to the Luxury division sale.
• Executives warn that finding a buyer for the Consumer division, home to brands such as Covergirl, Max Factor and Rimmel London, remains the biggest hurdle.