PARIS – On Wednesday, Chairman Francois-Henri Pinault of Kering stated that the Gucci-owner company was in frustration over the slow progress rates in cosmetics development with licence holder Coty.
Kering’s Gucci has been expanding its range of beauty products and has branched out to makeup and perfumes in partnership with Coty.
“The potential is enormous. We’re pretty frustrated with the speed at which that potential is being exploited.”
Francois-Henri Pinault, Chairman, Kering
Other Kering brands like Saint Laurent have licences with L’Oreal.
(Photos syndicated via Reuters)
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