Coty is adding to its luxury line-up. Its new licence agreement with Etro, which will run beyond 2040, will see Coty produce and distribute the Italian fashion houseâs fragrance offerings, including home scents.
In a statement, Coty chief executive Sue Nabi said the partnership âunderscores Cotyâs focus on fashion driven licences with multi-category potential,â adding that the agreement will build on Etroâs existing offering and will include ânew categories and launches.â
Earlier this year, Coty announced a partnership with Marni to develop and produce a beauty line, and renewed its agreement with Jil Sander. In June 2021, L Catterton took a 60 percent stake in Etro which had previously been family-owned.
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