PARIS, July 6 Reuters Coty said on Thursday there will be no discussion of a Gucci licence deal in the next five years.

There will be no discussion on the renewal of any of our licences before at least 5 years, Coty CEO Sue Naby told journalists in response to a question about whether Kering could take back a licence for beauty products for its fashion label Gucci.

Kering last week announced a deal to buy high end fragrance label Creed, marking its first major step in building an inhouse cosmetics business.

Coty, which is exploring a secondary listing in Paris, is holding an investor day in the French capital Thursday.

Reporting by Mimosa Spencer Writing by Dominique Vidalon Editing by Jason Neely and David Goodman

Source Reuters