Beauty Industry

Coty Faces Lawsuit from DB Ventures

The lawsuit claims flagrant material breaches of the license agreement of David Beckham’s fragrance brand.

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By: Rachel Klemovitch

Assistant Editor

Coty faces a lawsuit from DB Ventures, the company behind former ‌football star David Beckham’s eponymous fragrance. 

The lawsuit claims flagrant material breaches of the license agreement.

According to Reuters, DB Ventures is seeking damages of at least $41 million, saying Coty had mismanaged the brand in allowing David Beckham fragrances to allegedly be sold in gas stations.

Coty faces a similar lawsuit from Nautica, which is also owned by U.S. conglomerate Authentic Brands. 

In response to questions about the lawsuits, a Coty spokesperson ​said: “Coty does not comment on ongoing legal matters. The claims are without merit, and we will defend ourselves vigorously.”

Coty’s ​shares have slumped 78% in the past year, and the group has already warned of a sharp drop in third-quarter results, which are yet to be released.

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Photo: Shutterstock/ Konektus Photo

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