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Atmus Filtration Technologies (ATMU) shares fell 2.8% after Iran’s missile attack on commercial tankers, spurring a broader decline in industrial stocks driven by rising crude oil prices and heightened Middle East tensions. The move marked the company’s 3.1% loss since the start of the year and its price sits 22.5% below its 52‑week high. Over the...

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Overall, the early exit from the Gucci license enables Coty to redeploy capital, strengthen its balance sheet, resolve legal uncertainties, and concentrate on its core prestige portfolio, while providing L’Oréal with an earlier opportunity to launch Gucci beauty products and positioning Kering to streamline its luxury operations.

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Since 2019, Coty has grown Gucci Beauty revenues by more than 60 %, leveraging high‑profile innovations and globally recognised campaigns such as Gucci Flora, Bloom, Guilty and Alchemist Garden. The $400 million cash inflow is seen as strategically useful for Coty’s transformation efforts and is expected to accelerate the company’s deleveraging ag...

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Coty’s exit from the Gucci partnership coincides with L’Oréal’s acquisition of Kering’s beauty division for $4.6 billion last year. L’Oréal will begin selling Gucci beauty products under an exclusive 50‑year license from July 2027. CEO Nicolas Hieronimus expressed enthusiasm at receiving the license sooner than anticipated, while Kering’s shares...

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The proceeds are earmarked for debt reduction, reinvestment in Coty’s core prestige fragrance and beauty brands, and organizational optimisation. This capital redeployment is positioned to strengthen the company’s balance sheet, reduce leverage and enable focused investment on higher‑impact brands. The agreement also includes a mutual resolution...

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Coty Inc. has agreed to return its Gucci Beauty license to Kering for a total consideration of approximately $400 million. Under the arrangement, Coty will receive $250 million in cash immediately and an additional $150 million no later than September 30 2027, with up to $30 million contingent on meeting specific performance criteria. The transac...

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In India, Thyssenkrupp will collaborate with Bharat Heavy Electricals to gradually localise alkaline electrolyzer module production. The strategic agreement between thyssenkrupp nucera and Bharat Heavy Electricals involves joint development of local manufacturing capabilities, participation in tendering processes, and support for green hydrogen pro...

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Kongsberg Gruppen announced that Canada’s decision to join Norway and Germany in the 212CD submarine program will open contract negotiations for Canadian participation. The Norwegian defence technology company supplies the combat system on the 212CD submarines through kta naval systems, a joint venture between Thyssenkrupp Marine Systems and Atlas...

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Thyssenkrupp’s U.S.-listed shares surged nearly 8 % in pre‑market trading on Monday after The Globe and Mail reported that Canada has chosen the German industrial conglomerate’s marine division, Thyssenkrupp Marine Systems (TKMS), as the preferred builder of 12 new submarines for the Royal Canadian Navy. The contract, with a lifetime value estimate...

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Rexel Développement SAS has announced a change in its financial agenda, shifting the publication of its H1 2026 results and associated conference call to Monday, July 27th, 2026, after market close. The initial schedule had placed these events on Tuesday, July 28th, 2026, before market. As a publicly listed company, Rexel is included in several maj...

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