February 6, 2024
Coty has signed a beauty license with Italian fashion brand Marni. The license, which covers fragrance and beauty, will run beyond 2040.
The first products under the new license are expected to launch in 2026.
Coty says the deal will boost its presence in the luxury fragrance market and adds that Marni is strong in Asia and Europe.
Coty states that the agreement with Marni strengthens its partnership with the OTB Group, following its recent license renewal with the Jil Sander brand.