Content about Coty, Inc.

March 25, 2014

Beauty company Coty Inc. has appointed Mario Reis as EVP, supply chain, effective May 1.

NEW YORK — Beauty company Coty Inc. has appointed Mario Reis as EVP, supply chain, effective May 1.

Reis succeeds Darryl McCall, who will work on the transition and other projects to ensure continuity in supply chain performance before his retirement on Dec. 31, 2014. Reis will join the executive committee and will report to Michele Scannavini, CEO. He will be based in Geneva.

March 10, 2014

Coty has officially unveiled the new Beyoncé Rise fragrance.

NEW YORK — Coty has officially unveiled the new Beyoncé Rise fragrance.

"The spirit of Rise encourages women to be all that we are," Beyoncé stated.

March 10, 2014

Coty has introduced the new Love2Love fragrance collection, inspired by a spectrum of colors that express a woman’s joy and sheer happiness.

NEW YORK — Coty has introduced the new Love2Love fragrance collection, inspired by a spectrum of colors that express a woman’s joy and sheer happiness.

Each scent was designed to capture a stylish duo of ingredients that reflect perfect pairs in love.

February 20, 2014

Coty and Avon inked a deal under which Avon Brazil will market and sell select Coty fragrances and its ancillaries through Avon's 1.5 million independent sales representatives in Brazil.

NEW YORK — Coty and Avon inked a deal under which Avon Brazil will market and sell select Coty fragrances and its ancillaries through Avon's 1.5 million independent sales representatives in Brazil.

Although the details are still being finalized, the intent is for Avon to carry a collection of Coty's celebrity and lifestyle fragrances in the Avon Brochure in Brazil, the companies said in a joint statement.

The arrangement is subject to final documentation, which the companies plan to complete over the next few months.

 

February 18, 2014

Coty and Piaggio Group, a European manufacturer of two-wheel motor vehicles, have teamed up for an exclusive partnership to create, develop and distribute a signature duo of fragrances for men and women under the Vespa name.

NEW YORK — Coty and Piaggio Group, a European manufacturer of two-wheel motor vehicles, have teamed up for an exclusive partnership to create, develop and distribute a signature duo of fragrances for men and women under the Vespa name.

Vespa is one of Italy's most iconic brands. A symbol of Italian style, creativity and technology, Vespa is not just a scooter, but an icon with more than 18 million scooters sold since its creation in 1946.

February 14, 2014

Coty faced a challenging second quarter as revenues declined, partially due to U.S. market softness in the mass fragrance and nail categories. Despite the challenges, company executives expressed optimism during Friday morning’s conference call, and looks to return to top-line growth in the second half.

NEW YORK — Coty faced a challenging second quarter as revenues declined, partially due to U.S. market softness in the mass fragrance and nail categories. Despite the challenges, company executives expressed optimism during Friday morning’s conference call, and looks to return to top-line growth in the second half.

January 22, 2014

Coty has appointed Catia Cesari as SVP business development, mergers and acquisitions, effective Feb. 1.

NEW YORK — Coty Inc. has appointed Catia Cesari as SVP business development, mergers and acquisitions, effective Feb. 1. Cesari will join Coty's Executive Committee and will report jointly to CEO Michele Scannavini and CFO Patrice de Talhouët.

January 16, 2014

Coty has announced that Brian Falcone will serve as SVP sales, overseeing all sales activities for Coty Beauty U.S. mass brands.

NEW YORK — Coty has announced that Brian Falcone will serve as SVP sales, overseeing all sales activities for Coty Beauty U.S. mass brands.

Falcone will be responsible for field sales, customer marketing, category management, wall strategy and fixture planning.

January 6, 2014

Global beauty company Coty has entered into an agreement to acquire Lena White, the largest international distributor of OPI, which is one of Coty's power brands.

NEW YORK — Global beauty company Coty has entered into an agreement to acquire Lena White, the largest international distributor of OPI, which is one of Coty's power brands.

For the past 30 years, Lena White has served as OPI's distributor in the U.K. for the professional and retail beauty channels.

Through this purchase, Coty will directly lead the development of the OPI brand in the U.K., its second-largest market, providing the necessary resources to accelerate development in both retail and professional channels.

December 11, 2013

N.Y.C. New York Color, a Coty brand, has developed an array of new products for eyes and lips that will be hitting retail shelves in March.

NEW YORK  — N.Y.C. New York Color, a Coty brand, has developed an array of new products for eyes and lips that will be hitting retail shelves in March.

December 4, 2013

Global beauty company Coty has appointed Patrice de Talhouet as CFO, effective early 2014.

NEW YORK — Global beauty company Coty has appointed Patrice de Talhouet as CFO, effective early 2014.

He succeeds Sergio Pedreiro, who will stay on at Coty through March 2014 to provide a seamless transition, as well as to complete Coty's fiscal 2014 second quarter earnings release.

November 22, 2013

Coty has appointed Mary van Praag as GM of the OPI brand, effective Jan. 1, 2014.

NEW YORK — Coty has appointed Mary van Praag as GM of the OPI brand, effective Jan. 1, 2014. She will step into her new role and lead the brand's further growth and expansion as founder and CEO George Schaeffer announces his retirement.

Van Praag's successor will be announced in the coming weeks. Schaeffer will continue to work with OPI's management team through a newly created role as OPI's strategic board adviser.

November 8, 2013

Beauty company Coty has announced the formation of a new, wholly owned subsidiary in South Africa in order to direct, manage and fully operate all of its South African business as well as its business in 13 other African countries.

NEW YORK — Beauty company Coty has announced the formation of a new, wholly owned subsidiary in South Africa in order to direct, manage and fully operate all of its South African business as well as its business in 13 other African countries.

November 7, 2013

Coty posted a decline in net revenues during the first quarter, driven by a slowdown in the mass nail and fragrance markets, and consequently reduced low orders and trade destocking particularly in the U.S. mass channel.

NEW YORK — Coty posted a decline in net revenues during the first quarter, driven by a slowdown in the mass nail and fragrance markets, and consequently reduced low orders and trade destocking particularly in the U.S. mass channel.

October 30, 2013

Coty and Prada Group have formed an exclusive partnership to create, develop, and distribute a signature line of fragrances under the Miu Miu name.

NEW YORK — Coty and Prada Group have formed an exclusive partnership to create, develop and distribute a signature line of fragrances under the Miu Miu name — marking Miu Miu's first entry into the world of prestige fragrances.

October 23, 2013

Coty’s Rimmel London beauty brand, which is celebrating its 180th anniversary, unveiled during a press event on Tuesday its spring 2014 collection, featuring products for eyes, face, lips and nails.

NEW YORK — Coty’s Rimmel London beauty brand, which is celebrating its 180th anniversary, unveiled during a press event on Tuesday its spring 2014 collection, featuring products for eyes, face, lips and nails.

The event, held at Manhattan hotspot The Lion, featured Rimmel London’s global makeup artist Kirstin Piggott and beauty icon and Rimmel partner Georgia May Jagger.

October 2, 2013

Coty has announced the launch of Killer Queen by Katy Perry.

NEW YORK — Coty has announced the launch of Killer Queen by Katy Perry.

"When I was creating Killer Queen, I was really inspired by the idea of a strong, confident woman in power, and that is exactly what I hoped to put into this fragrance, something that brings out the power inside of you,” Perry stated.

Playful and daring, Perry's unbridled artistic vision bends the rules and breaks the mold with a vivaciously original spark. The new fragrance aims to capture her rebellious spirit, throwing convention to the wind.

September 25, 2013

Coty’s Sally Hansen nail care brand has announced the launch of its new Triple Shine Nail Color, which is designed to help polish withstand the wear and tear of on-the-go living.

NEW YORK — Coty’s Sally Hansen nail care brand has announced the launch of its new Triple Shine Nail Color, which is designed to help polish withstand the wear and tear of on-the-go living.

The new formula features the exclusive Ultimate Shield Complex. It is a balanced blend of solvents and color solids that work synergistically for high-impact color and maximum shine. It delivers triple-shine benefits via:

September 17, 2013

Coty Inc. reported on Tuesday a boost in fiscal 2013 new revenues, thanks in part to growth in its fragrance and color cosmetics segments.

NEW YORK — Coty Inc. reported on Tuesday a boost in fiscal 2013 new revenues, thanks in part to growth in its fragrance and color cosmetics segments.

Net revenues for fiscal 2013 totaled $4.6 billion, up 2% like-for-like and 1% as reported from the prior-year period. The like-for-like growth was driven, in part, by strong performances of its Rimmel, Marc Jacobs, Chloe and Playboy brands.

August 23, 2013

Coty has introduced the new Halle Berry Exotic Jasmine fragrance.

NEW YORK — Coty Inc. has introduced the new Halle Berry Exotic Jasmine fragrance.

According to the company, the fragrance has a backdrop of wood notes and skin musks that embraces the star note — Jasmine — in its purest form. Top notes of fresh violet leaf, bright neroli and airy cyclamen lead to blossoming jasmine sambac, plumeria blossom and fluid hedione. The fragrance dries down to a warm base of white cedar, soft vetiver and skin musk that lingers on the skin.

June 26, 2013

Coty has announced that, effective July 1, Stephen Mormoris will be appointed SVP global marketing American fragrances for Coty Prestige. In addition, Johanna Businelli has been promoted to the newly created role of SVP color cosmetics for Coty Beauty.

NEW YORK —  Coty has announced that, effective July 1, Stephen Mormoris will be appointed SVP global marketing American fragrances for Coty Prestige. In addition, Johanna Businelli has been promoted to the newly created role of SVP color cosmetics for Coty Beauty.

June 12, 2013

Coty Inc.’s long-awaited initial public offering is reportedly set to launch with shares to trade on Thursday, according to published reports.

NEW YORK — Coty Inc.’s long-awaited initial public offering is reportedly set to launch with shares to trade on Thursday, according to published reports.

The $1 billion-plus IPO is expected to be a hit, bankers reportedly said. The beauty company will not get any money from the IPO. Majority owner Joh. A. Benckiser will be selling a stake worth $806 million at the upper end of the expected price range, according to reports. Private-equity firms Berkshire Partners and Rhone Capital are selling equal stakes worth $126 million at the upper range.

May 23, 2013

Coty Inc. has reached an agreement to acquire StarAsia, a distributor of beauty products in the markets of Southeast Asia — Cambodia, Hong Kong, Indonesia, Malaysia, Singapore, Taiwan and Vietnam — from Isibane Pte. Ltd.

NEW YORK — Coty Inc. has reached an agreement to acquire StarAsia, a distributor of beauty products in the markets of Southeast Asia — Cambodia, Hong Kong, Indonesia, Malaysia, Singapore, Taiwan and Vietnam — from Isibane Pte. Ltd.

Financial terms of the deal, which is expected to close in the summer, were not disclosed.

May 22, 2013

Coty has announced that it will form a joint venture in Brazil with Brazilian cosmetics distributor Frajo Internacional to distribute and market Coty mass/masstige brands in the retail channel.

NEW YORK — Coty has announced that it will form a joint venture in Brazil with Brazilian cosmetics distributor Frajo Internacional to distribute and market Coty mass/masstige brands in the retail channel.

"Brazil is one of the largest markets in the beauty industry," stated Michele Scannavini, CEO of Coty. "Frajo is the right partner, sharing our passion for beauty. Together, we look forward to introducing new Coty brands into this key market."

May 15, 2013

Coty, an emerging global leader in beauty, announced today that it has added Olivier Goudet , partner and chief executive officer of the Joh. A. Benckiser Group, to the company's board of directors.

NEW YORK — Coty Inc., an emerging global leader in beauty, announced today that it has added Olivier Goudet , partner and chief executive officer of the Joh. A. Benckiser Group, to the company's board of directors.

Goudet replaces Bernd Beetz, who stepped down from Coty's Board to pursue other interests. JAB is a privately held group that owns and invests in premium brands; it is also Coty's majority shareholder.