Coty Inc., which has distributed Puig S.L.’s fragrances in North America for the past six years, will cease doing so when the license expires on June 30.
Both companies said the decision was mutual. “After the strong and collaborative partnership Coty has enjoyed with Puig over the past six years, we are now at the stage where we need to fully focus on our own portfolio, which has grown bigger and stronger over the past years,” said Michele Scannavini, chief executive officer of Coty Inc. “We are all proud of the great work we’ve done and results achieved with the Puig business, and we wish the company continued success in the future.”
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