We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
COTY Unveils Partnership With Luxury Fashion Brand Marni
Read MoreHide Full Article
Coty Inc. (COTY - Free Report) , a leading beauty company globally, has formed a partnership with Marni, an Italian luxury fashion brand celebrated for its unique and artistic designs. This collaboration involves a licensing agreement to create, manufacture and sell a new range of fragrances and beauty products that will extend beyond fiscal 2040. This significant move aims to enhance Coty's position in the luxury fragrance market by leveraging the shared principles of expertise, innovation and creativity between Coty and Marni.
The agreement aligns with Coty's strategic focus on partnering with fashion brands that have the potential to be popular in various categories and major markets worldwide. Marni, known for its strong presence in the fashion world, especially in Asia and Europe, offers Coty a chance to grow its high-end beauty line. By incorporating Marni's unique style and values, Coty aims to enhance its offerings in the beauty sector.
Furthermore, the partnership highlights Marni's dedication to providing a comprehensive brand experience. Through this collaboration, Marni plans to smoothly blend fragrances and beauty products with its existing collections, thus broadening the brand's appeal. This effort is expected to push the boundaries of what Marni is known for and open up new possibilities for the brand's growth and development.
The initial product launch from this partnership is expected in fiscal 2026, aiming to infuse Marni's innovative and trendsetting fashion essence into the beauty realm. This deal not only extends Coty's ongoing collaboration with OTB Group but also deepens the strategic bond between the two companies.
Image Source: Zacks Investment Research
Other Growth Endeavors
Growth in the beauty industry has boomed in recent years courtesy of greater attention to physical wellbeing. This space appears to be quite anti-cyclical as people continue to focus on self-care despite a difficult economic climate. In the ever-evolving beauty realm, 2024 is likely to steer several transformative trends to reshape the space.
Coty has been focusing on six strategic areas to ensure long-term growth. These priorities include expanding its Consumer Beauty brands, enhancing its online sales through stronger e-commerce platforms and building a robust skincare product line.
In addition to these efforts, Coty has formed strategic partnerships to broaden and strengthen its brand portfolio. This multi-faceted approach is designed to sustainably grow the company's business and brand presence in the competitive beauty market. The Zacks Rank #3 (Hold) stock has risen 18.2% in the past year against the industry’s 29.2% decline.
Key Picks
Some better-ranked stocks from the same sector are Inter Parfums, Inc. (IPAR - Free Report) , Lamb Weston Holdings, Inc. (LW - Free Report) and Treehouse Foods (THS - Free Report) .
The Zacks Consensus Estimate for Inter Parfums’ current financial-year earnings and sales indicates growth of 20.2% and 20.9%, respectively, from the 2022 reported figure. IPAR has a trailing four-quarter average earnings surprise of 45.7%.
Lamb Weston is a leading global manufacturer, marketer and distributor of value-added frozen potato products. LW currently carries a Zacks Rank of 2.
The Zacks Consensus Estimate for Lamb Weston’s current fiscal-year earnings and sales indicates growth of 26.9% and 28.3%, respectively, from the fiscal 2023 reported figures. LW has a trailing four-quarter average earnings surprise of 28.8%.
Treehouse Foods is a manufacturer of packaged foods and beverages. The company currently has a Zacks Rank of 2.
The Zacks Consensus Estimate for Treehouse Foods’ current financial-year earnings indicates growth of 106% from the 2022 reported figure. THS has a trailing four-quarter average earnings surprise of 26.5%.
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
COTY Unveils Partnership With Luxury Fashion Brand Marni
Coty Inc. (COTY - Free Report) , a leading beauty company globally, has formed a partnership with Marni, an Italian luxury fashion brand celebrated for its unique and artistic designs. This collaboration involves a licensing agreement to create, manufacture and sell a new range of fragrances and beauty products that will extend beyond fiscal 2040. This significant move aims to enhance Coty's position in the luxury fragrance market by leveraging the shared principles of expertise, innovation and creativity between Coty and Marni.
The agreement aligns with Coty's strategic focus on partnering with fashion brands that have the potential to be popular in various categories and major markets worldwide. Marni, known for its strong presence in the fashion world, especially in Asia and Europe, offers Coty a chance to grow its high-end beauty line. By incorporating Marni's unique style and values, Coty aims to enhance its offerings in the beauty sector.
Furthermore, the partnership highlights Marni's dedication to providing a comprehensive brand experience. Through this collaboration, Marni plans to smoothly blend fragrances and beauty products with its existing collections, thus broadening the brand's appeal. This effort is expected to push the boundaries of what Marni is known for and open up new possibilities for the brand's growth and development.
The initial product launch from this partnership is expected in fiscal 2026, aiming to infuse Marni's innovative and trendsetting fashion essence into the beauty realm. This deal not only extends Coty's ongoing collaboration with OTB Group but also deepens the strategic bond between the two companies.
Image Source: Zacks Investment Research
Other Growth Endeavors
Growth in the beauty industry has boomed in recent years courtesy of greater attention to physical wellbeing. This space appears to be quite anti-cyclical as people continue to focus on self-care despite a difficult economic climate. In the ever-evolving beauty realm, 2024 is likely to steer several transformative trends to reshape the space.
Coty has been focusing on six strategic areas to ensure long-term growth. These priorities include expanding its Consumer Beauty brands, enhancing its online sales through stronger e-commerce platforms and building a robust skincare product line.
In addition to these efforts, Coty has formed strategic partnerships to broaden and strengthen its brand portfolio. This multi-faceted approach is designed to sustainably grow the company's business and brand presence in the competitive beauty market. The Zacks Rank #3 (Hold) stock has risen 18.2% in the past year against the industry’s 29.2% decline.
Key Picks
Some better-ranked stocks from the same sector are Inter Parfums, Inc. (IPAR - Free Report) , Lamb Weston Holdings, Inc. (LW - Free Report) and Treehouse Foods (THS - Free Report) .
Inter Parfums is engaged in the manufacturing, distribution and marketing of a wide range of fragrances and related products. The company currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Inter Parfums’ current financial-year earnings and sales indicates growth of 20.2% and 20.9%, respectively, from the 2022 reported figure. IPAR has a trailing four-quarter average earnings surprise of 45.7%.
Lamb Weston is a leading global manufacturer, marketer and distributor of value-added frozen potato products. LW currently carries a Zacks Rank of 2.
The Zacks Consensus Estimate for Lamb Weston’s current fiscal-year earnings and sales indicates growth of 26.9% and 28.3%, respectively, from the fiscal 2023 reported figures. LW has a trailing four-quarter average earnings surprise of 28.8%.
Treehouse Foods is a manufacturer of packaged foods and beverages. The company currently has a Zacks Rank of 2.
The Zacks Consensus Estimate for Treehouse Foods’ current financial-year earnings indicates growth of 106% from the 2022 reported figure. THS has a trailing four-quarter average earnings surprise of 26.5%.