- Coty Inc COTY has renewed its license agreement with Jil Sander fashion house and agreed to proceed with a long-running partnership between the two companies. The financial terms were not disclosed.
- The license agreement renewal will strengthen the existing business partnership and pave the way for a new 10-year strategic project.
- The new project will see Jil Sander brand stepping into the global ultra-premium fragrances' segment for the first time ever.
- "Our shared ambition of accelerating the brand's momentum will guide the latest chapter of our partnership, as we pursue further growth of the fragrance line," said CEO Sue Y. Nabi.
- Price Action: COTY shares are trading higher by 0.16% at $9.31 on the last check Thursday.
- Photo Via Company
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