Coty Plans Major Job Cuts in France Operations

Key Points

Restructuring aligns with strategy for simpler, sustainable organization.
Interim CEO Markus Strobel leads revitalization amid revenue decline.
Plan subject to local labor law with pending regulatory approval.

Editorial Deep Dive & Context

Coty Inc. has officially proposed a significant restructuring of its French operations, aiming to cut 155 out of 200 local positions as part of a broader strategic overhaul. The company stated the proposal is subject to local labor law and includes reshaping its Consumer Beauty business while reviewing its Prestige operating model in the country.

This move supports Coty’s goal of building a simpler, more focused, and sustainable organization. The restructuring follows a period of leadership transition and financial performance review.

Former CEO Sue Nabi exited in December 2025, succeeded by Markus Strobel, who now serves as executive chairman and interim CEO. Under his guidance, strength in key prestige brands like Marc Jacobs, Hugo Boss, and Burberry has helped revitalize the business. Despite this, net revenue fell 1 percent to $1.55 billion in the first quarter of fiscal 2027, with both Prestige and Consumer Beauty segments seeing slight declines. Strategically, this French adjustment is part of the 'Coty:Curated' turnaround plan launched earlier. It builds on a previous announcement to eliminate up to 700 jobs worldwide to adapt to cyclical changes in the beauty industry, such as e-commerce acceleration and retail consolidation.