Coty (COTY.N) 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 (PRTP.PA) could take back a licence for beauty products for its fashion label Gucci.

— Many were wondering if Kering wanted Gucci back after buying Creed. Read more in Coty CEO says Gucci licence not under discussion for next five years at Reuters.