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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.

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.

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.

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.

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.

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.

July 25, 2012

Coty CEO Bernd Beetz is retiring from the beauty company, effective Aug. 1, and will be succeeded by Michele Scannavini, who has been president of Coty Prestige for the past decade.

NEW YORK — Coty CEO Bernd Beetz is retiring from the beauty company, effective Aug. 1, and will be succeeded by Michele Scannavini, who has been president of Coty Prestige for the past decade.

Beetz will remain on the Coty board as a nonexecutive director. In this role he will continue to share his experience and contribute to a smooth leadership transition supporting Scannavini.

June 15, 2012

Coty, in association with Lady Gaga's Haus Labs, is releasing in September the artist's first fragrance, called Lady Gaga Fame.

NEW YORK — Coty, in association with Lady Gaga's Haus Labs, is releasing in September the artist's first fragrance, called Lady Gaga Fame.

Lady Gaga Fame is the first-ever black Eau de Parfum that sprays clear and becomes invisible once airborne. The black-to-clear fragrance is an innovation of patent-pending fluid technology, exclusively launched with Lady Gaga Fame.

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.

October 14, 2011

The Consumer Goods Technology Group has awarded beauty company Coty Inc. with its Outstanding Achievement Award for Most Innovative Company for 2011.

NEW YORK — The Consumer Goods Technology Group has awarded beauty company Coty Inc. with its Outstanding Achievement Award for Most Innovative Company for 2011.

July 29, 2011

Coty has announced that in September it will launch the new Celine Dion Signature, which marks the latest addition to the Celine Dion portfolio of fragrances.

NEW YORK — Coty has announced that in September it will launch the new Celine Dion Signature, which marks the latest addition to the Celine Dion portfolio of fragrances.

Since its introduction in 2003, the Celine Dion fragrance house has continually remained a top performer in major markets across North America and Europe.

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.

June 16, 2011

Coty Beauty has announced the launch of the newest scent in the Beyonce Parfums portfolio, Beyonce Pulse, which will debut in September.

NEW YORK — Coty Beauty has announced the launch of the newest scent in the Beyonce Parfums portfolio, Beyonce Pulse, which will debut in September.

Pulse will join the Heat and Heat Rush collections. The launch of Pulse will be supported with global integrated sales and marketing activity, including a print and TV ad campaign starring Beyonce, to be featured in more than 60 countries. In addition, social media and online programs will speak to Beyonce's global fan base via e-commerce, Twitter and Facebook. Pulse TV ads will begin airing in August.

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 14, 2011

Coty's Prestige division has signed an agreement with actor Paul Walker to be the new face of the Davidoff Cool Water fragrance advertising campaign that is slated to launch worldwide in July.

PARIS — Coty's Prestige division has signed an agreement with actor Paul Walker to be the new face of the Davidoff Cool Water fragrance advertising campaign that is slated to launch worldwide in July.

The agreement with Coty marks Walker's first foray into the fragrance market.

January 5, 2011

Supplier News — EcoTools once again is joining forces with actress Alicia Silverstone to introduce for the spring the revamped eco-conscious cosmetic bag and brush collection set dubbed EcoTools by Alicia Silverstone. The collection, which will launch April 2011, will feature three additions and three revised sets, and will be available at Walmart, Target and Walgreens.


December 7, 2010

Supplier News — Coty officially has announced that it is working with Lady Gaga to develop and market the American pop singer’s first signature fragrance. The yet-to-be named fragrance will launch in spring 2012. Distributed worldwide, the fragrance will be managed by the Coty Beauty division in close collaboration with Lady Gaga, who will be creative director, and her Haus of Gaga team.


September 13, 2010

Lady Gaga's meat dress, which she wore at the 2010 MTV Video Music Awards, still...

NEW YORK Lady Gaga's meat dress, which she wore at the 2010 MTV Video Music Awards, still may be causing a stir, but there's another Gaga-related buzz hitting the newswires: her fragrance deal with Coty.

 

Coty has not yet issued a formal announcement detailing the specifics of the launch, but the company did state in a comment sent to Drug Store News: "Coty is excited to be partnering with Lady Gaga to develop her first-ever signature fragrance. We will be unveiling additional information regarding our dynamic partnership at a later date."

February 13, 2008

Unilever’s Axe brand for men is launching for 2008 an all-over body fragrance and a...