Content about Coty

March 24, 2014

OPI Products, a subsidiary of Coty, has collaborated with Coca-Cola to create a line of OPI nail lacquers inspired by several of the company’s most recognized brands, including Coca-Cola, Diet Coke, Coke Zero, Cherry Coke, Vanilla Coke, Sprite and Fanta.

LOS ANGELES — OPI Products, a subsidiary of Coty, has collaborated with Coca-Cola to create a line of OPI nail lacquers inspired by several of the company’s most recognized brands, including Coca-Cola, Diet Coke, Coke Zero, Cherry Coke, Vanilla Coke, Sprite and Fanta.

The line of limited-edition nail lacquers will launch internationally in June.

January 27, 2014

Coty has partnered with singer and songwriter Enrique Iglesias to develop his own line of signature fragrances.

NEW YORK— Coty has partnered with singer and songwriter Enrique Iglesias to develop his own line of signature fragrances.

The first fragrance is expected to be released in the summer of 2014.

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 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 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.

June 13, 2013

Coty announced on Thursday the pricing of its initial public offering of 57.1 million shares of its Class A common stock at a price of $17.50 per share.

NEW YORK — Coty announced on Thursday the pricing of its initial public offering of 57.1 million shares of its Class A common stock at a price of $17.50 per share.

Coty's Class A common stock began trading on the New York Stock Exchange on Thursday under the ticker symbol COTY. As reported, the shares offered are being sold by existing Coty stockholders, and the beauty company will not receive any of the proceeds of the offering.

June 11, 2013

Coty has appointed longtime company executive Catherine Walsh to fill the newly created position of SVP corporate communications.

NEW YORK — Coty has appointed longtime company executive Catherine Walsh to fill the newly created position of SVP corporate communications.
 

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."

January 7, 2013

Bernd Beetz, former CEO of Coty, has been appointed to the board of directors of Archetypes, a personal lifestyle company that was founded on the philosophy of archetypes.

NEW YORK — Bernd Beetz, former CEO of Coty, has been appointed to the board of directors of Archetypes, a personal lifestyle company that was founded on the philosophy of archetypes.

“I am excited to be involved with such an innovative company where content, lifestyle and community truly come together in a personalized way. I’ve seen my fair share of great brands, and I believe in Archetypes’ potential,” Beetz stated.

September 19, 2012

Beauty company Coty has appointed Jean Mortier as president of its Prestige business, effective immediately.

NEW YORK — Beauty company Coty has appointed Jean Mortier as president of its Prestige business, effective immediately.

Mortier has served as SVP, commercial for Coty since 2005. He succeeds Michele Scannavini, who was named CEO of Coty in July after serving as president of Coty Prestige for 10 years. In his new capacity, Mortier will lead the continued development and growth of the Coty Prestige portfolio, as well as seek new business ventures and collaborations. Based in Paris, he will also serve on Coty's executive committee.

August 17, 2012

At-home gel manicure system Red Carpet Manicure has unveiled new limited-edition nail art kits, which hit Ulta Beauty stores this summer and will launch nationally in the fall.

SUPPLIER NEWS — At-home gel manicure system Red Carpet Manicure has unveiled new limited-edition nail art kits, which hit Ulta Beauty stores this summer and will launch nationally in the fall. There are three kits available — Tips and Tricks, French Manicure, and Gems and Jewels — which provide users with the necessary tools to get creative and customize their manicured nails. A QR code on the packaging directs consumers to Red Carpet Manicure’s video website for more information and tips.


June 29, 2012

Coty has filed to raise as much as $700 million in an initial public offering.

NEW YORK — Coty has filed to raise as much as $700 million in an initial public offering. The filing with the Securities and Exchange Commission comes about a month after the beauty company dropped its bid for Avon because of Avon’s “delay and unwillingness to engage in discussions.”

In the filing, Coty told the SEC that it intends to list the Class A common stock on either the NASDAQ or the New York Stock Exchange under the symbol “COTY.” Coty did not reveal how many shares it plans to sell or their expected price.

May 18, 2012

Coty announced on Friday the unveiling of its new corporate website, which modernizes the company's digital presence and is designed to reflect Coty's innovative "Faster. Further. Freer." corporate culture.

NEW YORK — Coty announced on Friday the unveiling of its new corporate website, which modernizes the company's digital presence and is designed to reflect Coty's innovative "Faster. Further. Freer." corporate culture.  

Iris Worldwide — an independent, integrated marketing agency — created the new website, located at Coty.com. The new site incorporates the most current content from each of Coty's 50+ brands' Twitter, Facebook and YouTube pages, creating a continuously evolving site.

May 15, 2012

Just days after Coty upped its proposal for Avon, the former has decided to withdraw its offer, citing Avon’s “delay and unwillingness to engage in discussions.”

NEW YORK — Just days after Coty upped its proposal for Avon, the former has decided to withdraw its offer, citing Avon’s “delay and unwillingness to engage in discussions.”

May 14, 2012

Avon Products on Sunday advised Coty that its board of directors, in conjunction with management and the company's financial and legal advisers, is considering Coty’s sweetened bid.

NEW YORK — Avon Products on Sunday advised Coty that its board of directors, in conjunction with management and the company's financial and legal advisers, is considering Coty’s sweetened bid.

Avon's board expects to respond within a week.

May 2, 2012

Beauty company Coty and DKMS, the world's largest bone marrow donor center, jointly raised $3.2 million to support the fight against blood cancer during the recently held DKMS 6th Annual Gala: Linked Against Blood Cancer.

NEW YORK — Beauty company Coty and DKMS, the world's largest bone marrow donor center, jointly raised $3.2 million to support the fight against blood cancer during the recently held DKMS 6th Annual Gala: Linked Against Blood Cancer.

The DKMS 6th Annual Gala: Linked Against Blood Cancer was held in late April at Cipriani Wall Street to a sold-out audience. The gala, hosted by Katharina Harf, chief inspiration officer of DKMS Americas, once again broke records of previous years, raising $3.2 million to support the fight against blood cancer.

April 17, 2012

Two weeks after Avon rejected Coty’s bid to snap up the company in a deal valued at $10 billion, Coty is reaffirming its interest in Avon and is urging Avon shareholders to push for the offer.

NEW YORK — Two weeks after Avon rejected Coty’s bid to snap up the company in a deal valued at $10 billion, Coty is reaffirming its interest in Avon and is urging Avon shareholders to push for the offer.

As previously reported, Coty submitted a nonbinding proposal to acquire Avon for $23.25 per share in cash. The proposal, valued at approximately $10 billion, represents a substantial premium of 27% over the three-month, volume-weighted average price for Avon shares, Coty stated.

April 2, 2012

Coty announced on Monday that it has submitted a nonbinding proposal to acquire Avon in a deal valued at about $10 billion; however, Avon has rejected the unsolicited bid.

NEW YORK — Coty announced on Monday that it has submitted a nonbinding proposal to acquire Avon in a deal valued at about $10 billion; however, Avon has rejected the unsolicited bid.

Coty has submitted a nonbinding proposal to acquire Avon for $23.25 per share in cash. The proposal, valued at approximately $10 billion, represents a substantial premium of 27% over the three-month, volume-weighted average price for Avon shares, Coty stated.

December 5, 2011

Coty has named New York-based agency Euro RSCG Worldwide PR (@erwwpr) the public relations agency of record for the company's corporate communications business, and will focus on strategic messaging for Coty — specifically, media outreach and global message development.

NEW YORK — Coty has named New York-based agency Euro RSCG Worldwide PR (@erwwpr) the public relations agency of record for the company's corporate communications business, and will focus on strategic messaging for Coty — specifically, media outreach and global message development.

November 9, 2011

Coty has announced that Bart Becht, former Reckitt Benckiser CEO, has joined its board as nonexecutive chairman.

NEW YORK — Coty has announced that Bart Becht, former Reckitt Benckiser CEO, has joined its board as nonexecutive chairman.

Becht stepped down as CEO of Reckitt Benckiser, a U.K.-based consumer goods company, in August 2011.

July 5, 2011

It has been a bit of an uphill battle for fragrance within the mass market, but industry sources remain optimistic as “new” continues to drive much of the business and celebrity scents remain in the spotlight.

It has been a bit of an uphill battle for fragrance within the mass market, but industry sources remain optimistic as “new” continues to drive much of the business and celebrity scents remain in the spotlight.

“The celebrity fragrances trend shows no signs of abating as there are still A-list stars who have just put their names to fragrances in the United States, such as Lady Gaga.

January 27, 2011

Private equity firms Berkshire Partners and Rhone have made minority equity investments in Coty, with each of the investors being represented on the company's board of directors.

NEW YORK — Private equity firms Berkshire Partners and Rhone have made minority equity investments in Coty, with each of the investors being represented on the company's board of directors.

Terms of the transactions were not disclosed.

January 21, 2011

Celebrity and supermodel Heidi Klum has teamed up with Coty to develop and market her own signature fragrance called Heidi Klum Shine.

NEW YORK — Celebrity and supermodel Heidi Klum has teamed up with Coty to develop and market her own signature fragrance called Heidi Klum Shine.

The fragrance is expected to launch in fall 2011. The fragrance will be distributed worldwide and will be managed by the Coty Beauty division.

Marketing plans for the fragrance currently are in development, and the company is expected to reveal additional information closer to the launch.