A subsidiary of beauty giant Coty has reportedly taken fashion group Kering to court in the UK over issues linked to the recently-announced loss of its beauty license.
HFC Prestige International Operations Switzerland Sàrl apparently filed the lawsuit on 20 October against Gucci America Inc, Guccio Gucci SpA, and Kering SA.
Coty hold's the Gucci beauty and fragrance license that’s due to expire in 2028 but it was announced last month that Kering’s beauty business rights for 50 years are being sold to L’Oréal for €4 billion ($4.7 billion). That business also includes Creed and other beauty licenses such as Bottega Veneta and Balenciaga , while L’Oréal already has the rights to Yves Saint Laurent ’s cosmetics and fragrances.
Reports, the first of which was in WWD, said the cas

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