Coty has announced that it entered a strategic partnership with luxury high-end brand Burberry and acquired exclusive long-term license rights for Burberry Beauty Luxury Fragrances and Cosmetics. Both Coty and Burberry share strong heritages, which date back to 1856 for Burberry and 1904 for Coty. In 2015/16 Burberry Beauty revenue was £203M. Coty will pay a cash consideration of £130M for the long-term exclusive global license. This strategic partnership combines Burberry’s British heritage of innovation, craftsmanship and design with Coty’s expertise and leadership in luxury beauty products. Under the agreement, Coty will develop, manufacture and distribute the full range of Burberry Beauty products globally. The Burberry Beauty business will be managed within Coty’s Luxury division, which is the world leader in prestige fragrance with a growing presence in prestige cosmetics and skincare. Headquartered in Paris, Coty Luxury develops, produces, markets and distributes globally a variety of luxury brand fragrances including Gucci, Alexander McQueen and Balenciaga, as well as premium cosmetics and skin care under the philosophy, Lancaster and Gucci brands.

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