Coty Announces France Business Restructuring
On 11 November 2026, Coty Inc (NYSE:COTY), the cosmetics company that owns CoverGirl, disclosed that it will restructure its operations in France after completing a business review. The company said the restructuring proposal aligns with its strategy to create a simpler and more focused organization.
The plan includes reshaping Coty’s consumer beauty business and reviewing its prestige operating model within France. It is intended to streamline the French business and improve focus on core activities.
Interim Chief Executive Officer Markus Strobel is overseeing the restructuring effort, noting that recent strong performance in key prestige brands – Marc Jacobs, Hugo Boss and Burberry – provides a solid foundation for the changes.
Coty emphasized that the restructuring is subject to French local labor law requirements, indicating that any implementation will need to comply with applicable employment regulations.