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L'Oreal Chairman Says Coty Lacks Business Model

Published by Global Banking & Finance Review®

Posted on April 24, 2026

1 min read

Last updated: April 24, 2026

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Quick Summary

L’Oreal chairman Jean‑Paul Agon dismissed comparisons with Coty, stating it “simply isn’t a model” and highlighting Coty’s struggles amid withdrawn guidance and a strategic overhaul under interim CEO Markus Strobel.

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L'Oreal Chairman Says Coty Lacks a Business Model, Dismissing Comparisons

L'Oreal Chairman Addresses Coty Comparison

PARIS, April 24 (Reuters) - The chairman of French cosmetics group L'Oreal dismissed any comparison with struggling beauty group Coty on Friday, adding that the smaller company had no business model at all.

Chairman's Statement on Coty

"Let's just say that I think there simply isn't a model at Coty, and therefore there's nothing to say about it," said Jean-Paul Agon, in response to a shareholder's question.

Coty's Current Challenges

Coty, which withdrew its full-year guidance in February and warned on its third-quarter profits, is reviewing options for its makeup brands under interim CEO Markus Strobel who has been tasked with turning around the company's performance.

Reporting and Editorial Credits

(Reporting by Dominique PattonEditing by Tomasz Janowski)

Key Takeaways

•L’Oreal leadership bluntly disavows any business model at Coty, undermining its credibility.
•Coty has withdrawn its full‑year 2026 guidance and flagged weakening third‑quarter profits amid a strategic review. Evidence of significant operational distress.
•Interim CEO Markus Strobel, a veteran from Procter & Gamble, is steering Coty through a brand portfolio review, focusing on core assets and potential divestitures.

Frequently Asked Questions about L'Oreal chairman says Coty lacks business model

1What did L'Oreal's chairman say about Coty's business model?

L'Oreal's chairman stated that Coty has no business model and dismissed any comparison between the two companies.

2Why is Coty being compared to L'Oreal?

Coty is being compared to L'Oreal because both are in the beauty sector, but L'Oreal's chairman highlighted key differences and denied any valid comparison.

3What challenges is Coty facing in 2024?

Coty withdrew its full-year guidance, warned on third-quarter profits, and is currently reviewing options for its makeup brands under interim CEO Markus Strobel.

4Who is leading Coty during its restructuring?

Markus Strobel is acting as interim CEO and is tasked with turning around Coty's performance.

L'Oreal Chairman Addresses Coty Comparison

Chairman's Statement on Coty

"Let's just say that I think there simply isn't a model at Coty, and therefore there's nothing to say about it," said Jean-Paul Agon, in response to a shareholder's question.

Coty's Current Challenges

Reporting and Editorial Credits

(Reporting by Dominique PattonEditing by Tomasz Janowski)

Key Takeaways

•L’Oreal leadership bluntly disavows any business model at Coty, undermining its credibility.

•Coty has withdrawn its full‑year 2026 guidance and flagged weakening third‑quarter profits amid a strategic review. Evidence of significant operational distress.

•Interim CEO Markus Strobel, a veteran from Procter & Gamble, is steering Coty through a brand portfolio review, focusing on core assets and potential divestitures.

Frequently Asked Questions

1What did L'Oreal's chairman say about Coty's business model?

L'Oreal's chairman stated that Coty has no business model and dismissed any comparison between the two companies.

2Why is Coty being compared to L'Oreal?

Coty is being compared to L'Oreal because both are in the beauty sector, but L'Oreal's chairman highlighted key differences and denied any valid comparison.

3What challenges is Coty facing in 2024?

Coty withdrew its full-year guidance, warned on third-quarter profits, and is currently reviewing options for its makeup brands under interim CEO Markus Strobel.

4Who is leading Coty during its restructuring?

Markus Strobel is acting as interim CEO and is tasked with turning around Coty's performance.