Every material Form 8-K Coty filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Coty's board appointed Markus Strobel, a former Procter & Gamble executive, as Executive Chairman and Interim CEO effective January 1, 2026. Sue Nabi will leave the CEO role on December 31, 2025, and Peter Harf resigns as chairman on the same date, so the leadership transition affects shareholders directly.
Markus Strobel becomes Executive Chairman and Interim CEO effective January 1, 2026, with a base salary of $1,250,000 that drops to $1,000,000 once he is no longer interim CEO.
Sue Nabi ceases to be CEO effective December 31, 2025, and receives a lump sum of approximately $1,741,575 in lieu of notice, with about 2,083,333 restricted stock units vesting on January 2, 2026.
Peter Harf resigns as Chairman and director effective December 31, 2025, after serving as chairman since 2020.
Patricia Capel joins the board effective January 1, 2026, and the Remuneration and Nomination Committee on the same date.
On December 18, 2025, a Coty subsidiary agreed to sell its remaining 25.8% stake in Wella to KKR-affiliated buyers for $750 million in cash plus a consideration loan note, and the right to 45% of proceeds from any further sale or IPO after KKR's preferred return. Coty expects a preliminary non-cash impairment charge of approximately $200 million in the quarter ending December 31, 2025, and says it plans to use most of the upfront cash to pay down debt.
Buyer is Tides Holdco Limited, with KKR-affiliated entities; upfront consideration is $750 million in cash plus a consideration loan note.
Coty will hold 45% of the ordinary shares of the buyer and has consent rights and a non-voting board observer seat.
Coty expects a material non-cash impairment charge of approximately $200 million in the quarter ended December 31, 2025; the amount is preliminary.
Coty says the Wella proceeds and free cash flow are expected to reduce financial net leverage to about 3x by the end of calendar 2025.
Coty reported fiscal first-quarter results for the period ended September 30, 2025, with net revenue of $1,577.2 million, down 6% on a reported basis and 8% like-for-like. Reported operating income fell 22% to $185.0 million and reported EPS was $0.07, versus $0.09 a year earlier. The company said its prior outlook is unchanged, including a return to growth in the second half of fiscal 2026, which shareholders will need to see in later results.
Net revenue of $1,577.2 million, down 6% reported and 8% like-for-like; Consumer Beauty down 9% and Prestige down 4% on a reported basis
Reported operating income of $185.0 million versus $237.8 million; reported EPS of $0.07 versus $0.09
Adjusted EBITDA of $296.1 million, down 18%; Q2 like-for-like sales expected at the more favorable end of the prior decline range of 3% to 5%
Total debt of $4,069.3 million; retained 25.8% Wella stake valued at $1,003.0 million, which the company is pursuing to monetize
Coty Inc. and two wholly-owned subsidiaries completed a private offering of $900.0 million in 5.600% senior notes due January 15, 2031, on October 15, 2025. The notes are senior unsecured obligations and are not guaranteed by Coty's subsidiaries, so the filing adds $900.0 million of debt for shareholders to weigh.
Principal amount of $900.0 million; interest at 5.600% per year, paid semi-annually on January 15 and July 15, starting January 15, 2026
Notes are senior unsecured and not guaranteed by any Coty subsidiaries; they become secured guarantees only if they lose investment grade ratings from at least two of three agencies
Redemption possible before December 15, 2030 at par plus an applicable premium, and at par from December 15, 2030 onward
Change of control triggering events require an offer to repurchase at 101% of principal plus accrued interest
Coty reported fiscal 2025 net revenue of $5,892.9 million, down 4%, and a reported net loss of $381.1 million, compared with net income of $76.2 million a year earlier. The loss reflects a $212.8 million non-cash asset impairment and a $248.1 million equity swap mark-to-market hit. The company expects first-quarter fiscal 2026 LFL sales to decline 6% to 8% and adjusted EBITDA to fall in the mid-to-high teens percentage, with a return to growth in the second half.
FY25 reported net loss was $381.1 million, or $(0.44) per diluted share, versus net income of $76.2 million in FY24.
Q4 net revenue was $1,252.4 million, down 8%, and Q4 adjusted EBITDA was $126.7 million, down 23%.
Guidance: 1Q26 LFL sales decline of 6% to 8%; 1Q26 adjusted EBITDA decline in the mid-to-high teens percentage.
1H26 adjusted EPS expected at $0.33 to $0.36; free cash flow in 1H26 expected to exceed $350 million.
Coty's Vice Chair and Lead Independent Director, Johannes Huth, resigned from the board on July 14, 2025, after five years of service, and the company said the resignation was not due to any disagreement. On July 16, 2025, the board appointed director Beatrice Ballini as Lead Independent Director, effective immediately. The filing reports board leadership changes only and includes no financial results or guidance.
Johannes Huth resigned as director and Vice Chair on July 14, 2025, after five years on the board
Huth had served on the Audit and Finance Committee since 2022 and as Lead Independent Director since June 2023
Beatrice Ballini, a director since September 2019 and chair of the Remuneration and Nomination Committee, was appointed Lead Independent Director on July 16, 2025
The filing states Huth's resignation was not the result of any disagreement with the company on operations, policies or practices
Coty reported fiscal third-quarter results for the period ended March 31, 2025, with reported net revenue of $1,299.1 million, down 6% from a year earlier, and a reported net loss of $409.0 million, compared with net income of $0.5 million in the prior year. The loss includes a $212.8 million asset impairment charge, mainly in Consumer Beauty's color cosmetics business. The company now expects fiscal 2025 EPS of $0.49-0.50, near the low end of its prior range, which matters to shareholders because it signals weaker earnings and a sales decline in the fourth quarter.
Q3 reported net revenue of $1,299.1 million fell 6%; on a like-for-like basis, sales fell 3%.
Q3 reported net loss of $409.0 million, or $(0.47) per diluted share, versus net income of $0.5 million a year earlier; includes a $212.8 million asset impairment charge.
Fiscal 2025 EPS expected at $0.49-0.50, near the low end of prior guidance; free cash flow expected at approximately $300 million.
Fourth-quarter like-for-like sales expected to decline by a high single-digit percentage.
Coty reported fiscal second-quarter net revenue of $1,669.9 million, down 3% from a year earlier, with reported EPS of $0.02 versus $0.20, largely due to a $97 million equity swap mark-to-market hit. Adjusted operating income rose 8% to $333.7 million, and the company now expects FY25 adjusted EPS excluding the equity swap of $0.50-0.52, while forecasting reported FY25 sales to decline in the low single digits. A director also resigned on February 7, 2025, citing personal reasons.
Q2 reported net revenue of $1,669.9 million, down 3% year over year; like-for-like revenue down 1%
Q2 reported EPS of $0.02 versus $0.20 a year earlier; equity swap mark-to-market was a $0.11 negative impact
Q2 adjusted operating income of $333.7 million, up 8%; adjusted operating margin 20.0%
Board member Maria Asuncion Aramburuzabala Larregui resigned February 7, 2025, after four years, for personal reasons
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Coty filing is on SEC EDGAR ↗. 8-K briefs of other companies →