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Coty CEO Says Gucci Licence Not Under Discussion for Next Five Years

‘There will be no discussion on the renewal of any of our licences before at least five years,’ Coty CEO Sue Naby told journalists.
The Gucci owner has hired former Estée Lauder executive Raffaella Cornaggia to lead its new beauty division, echoing the formation of the group’s eyewear unit, which shook up industry conventions in 2014.
Coty CEO says Gucci licence not under discussion for next five years. (Gucci)

Coty said on Thursday there will be no discussion of a Gucci licence deal in the next five years.

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