Coty COTY CoverGirl Trademarks — Asset impairment charges
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Where this comes from
Reported directly by Coty in its filing.
Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.
The source filing: Coty’s 10-K, filed August 21, 2025.
- Filed
- Aug 21, 2025
- Fiscal year
- FY2025
- Accession
- 0001024305-25-000030
During the third quarter of fiscal 2025, the Company concluded that weakening demand in the color cosmetics market, particularly in the United States and Europe, combined with broader macroeconomic disruptions, signaled a deterioration in business climate. As a result of these adverse factors, during the third quarter of fiscal 2025, the Company recognized asset impairment charges of $84.0, $61.0, and $24.9 related to the Max Factor, CoverGirl and Bourjois trademarks within the Consumer Beauty Segment and $42.9 related to the Philosophy trademark within the Prestige Segment. These impairments were recorded as Asset impairment charges in the Consolidated Statements of Operations.
Item 16. Form 10-K Summary.
FAQ
- What is Coty's covergirl trademarks — asset impairment charges?
- Coty (COTY) reported covergirl trademarks — asset impairment charges of $61M in Q2 2025.
- What does covergirl trademarks — asset impairment charges mean?
- This metric represents non-cash charges recognized when the carrying value of the CoverGirl brand trademarks exceeds their estimated fair value. It reflects a downward adjustment in the long-term valuation of the brand's intangible assets due to changes in market conditions, competitive landscape, or brand performance. Investors monitor these charges to assess the sustainability of the brand's market position and the accuracy of historical acquisition valuations.
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