Coty proposes restructuring of French business, reshaping consumer beauty unit

Key facts

• Coty said the French proposal follows a review and is subject to local labor law.
• The proposal includes reshaping Coty's consumer beauty business in France, the company said.
• Coty said the plan also covers a review of its prestige operating model in France.
• Coty said the proposal aligns with its strategy to build a simpler, more focused organization.
• Cosmetics Business first reported the proposal, according to the Reuters report.

Coty, the CoverGirl owner, said on November 10, 2026 that it plans to restructure its business in France following a review. The company said the proposal is subject to local labor law.

Coty said the proposal includes a plan for reshaping its consumer beauty business and a review of its prestige operating model in France. It said the proposal is aligned with its strategy to build a simpler, more focused and more sustainable organization.

The company said strength in key prestige brands including Marc Jacobs, Hugo Boss and Burberry is helping interim CEO Markus Strobel to revitalise Coty's business. Cosmetics Business first reported the proposal, according to the Reuters report.