10.19.11
13. Coty Inc.
New York, NY
www.coty.com
Beauty Sales:
$3.8 billion (estimated)
Key Personnel:
Bernd Beetz, chief executive officer; Peter Harf, chairman, Coty Inc.; Sergio Pedreiro, chief financial officer, Coty Inc.; Michele Scannavini, president, Coty Prestige; Renato Semerari, president, Coty Beauty.
Major Beauty Brands/Products:
Fragrance, toiletries, color cosmetics, skin care, sun care and personal care sold through two divisions. Coty Prestige: Baby Phat, Balenciaga, Calvin Klein, Cerruti, Chloé, Chopard, Davidoff, Jennifer Lopez, Jette Joop, Jil Sander, Joop!, Karl Lagerfeld, Kenneth Cole, L.A.M.B. fragrance Gwen Stefani, Lancaster, Marc Jacobs, Nautica, Nikos, Sarah Jessica Parker, Vera Wang, Vivienne Westwood. Coty Beauty: Adidas, Aspen, Astor, Beyoncé Knowles, Borghese Nail Care, Celine Dion, Chupa Chups, David & Victoria Beckham, Desperate Housewives, Esprit, ex’cla.ma’tion, Faith Hill, Guess?, Halle Berry, Jovan, Kate Moss, Kylie Minogue, Miss Sporty, N.Y.C. New York Color, Pierre Cardin, Playboy, Rimmel London, Sally Hansen, Sally Hansen Natural Beauty, Shania Twain, Stetson, Vanilla Fields.
New Products:
Beyoncé Pulse, Marc Jacobs Bang, Vera Wang Preppy Princess, Jennifer Lopez Love and Light, Jennifer Lopez LA Glow, Harajuku Lovers G of the Sea, Kenneth Cole Connected, Halle by Halle Berry Pure Orchid, Sally Hansen Salon Effects Real Nail Polish Strips.
Comments:
For the year ending June 2010 (Coty’s most recently reported figures), corporate fragrance and beauty sales reached almost $4 billion. Sales were split pretty evenly between the two divisions with Coty Beauty contributing 49% and Coty Prestige, 51%.
Sales were strongest in Europe (57%), followed by North America (32%), Asia (7%) and Rest of the World (4%).
Fragrances (62%) topped sales, followed by Color Cosmetics (23%), and Skin, Sun and Personal Care (15%).
In addition to pursuing and maintaining its leadership in fragrance, in 2010, Coty Inc. also focused on additional beauty channels, boosting its brand portfolio with skin care and color cosmetics brands. Coty acquired OPI in nail care; Philosophy, Inc., in skin care and cosmetics; TJoy, a leading Chinese skin care company; and Dr. Scheller Cosmetics AG, a German manufacturer of makeup and skin care brands.
In October, Coty Inc. and Calvin Klein, Inc. announced a collaboration to develop and market a full line of color cosmetics to be added to the Coty portfolio for a planned spring 2012 launch.
In November, after much industry speculation, Coty officially announced it had signed blockbuster celebrity Lady Gaga to develop and market her first-ever signature fragrance. The fragrance line is expected to launch in spring 2012. Steve Mormoris, senior vice president of global marketing for Coty Beauty, said, “The marketing behind Lady Gaga’s fragrance will be unprecedented and groundbreaking.”
In January 2011, Boston-based private equity firms Berkshire Partners LLC, based in Boston, and Rhône, which has offices in New York, London and Paris, announced that they had each made minority equity investments in Coty Inc, with each of the investors represented on Coty’s board of directors. The move prompted talk of a possible IPO as well as a positioning for further acquisitions.
Subsequently, in January, Coty Beauty announced that entrepreneur and supermodel Heidi Klum had been signed to develop and market her new signature fragrance, Heidi Klum Shine, which launched this fall.
But Coty Inc.’s biggest deal may still be in the wings. Industry buzz says that the world’s No. 1 fragrance company is about to sign the “Material Girl” for the first Madonna fragrance. A Madonna license, along with Lady Gaga, and existing and future Beyoncé and J.Lo. scents, could catapult Coty to unimagined heights.
New York, NY
www.coty.com
Beauty Sales:
$3.8 billion (estimated)
Key Personnel:
Bernd Beetz, chief executive officer; Peter Harf, chairman, Coty Inc.; Sergio Pedreiro, chief financial officer, Coty Inc.; Michele Scannavini, president, Coty Prestige; Renato Semerari, president, Coty Beauty.
Major Beauty Brands/Products:
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Coty’s Daisy eau So Fresh is capped with colorful daisies that are soft to the touch. |
New Products:
Beyoncé Pulse, Marc Jacobs Bang, Vera Wang Preppy Princess, Jennifer Lopez Love and Light, Jennifer Lopez LA Glow, Harajuku Lovers G of the Sea, Kenneth Cole Connected, Halle by Halle Berry Pure Orchid, Sally Hansen Salon Effects Real Nail Polish Strips.
Comments:
For the year ending June 2010 (Coty’s most recently reported figures), corporate fragrance and beauty sales reached almost $4 billion. Sales were split pretty evenly between the two divisions with Coty Beauty contributing 49% and Coty Prestige, 51%.
Sales were strongest in Europe (57%), followed by North America (32%), Asia (7%) and Rest of the World (4%).
Fragrances (62%) topped sales, followed by Color Cosmetics (23%), and Skin, Sun and Personal Care (15%).
In addition to pursuing and maintaining its leadership in fragrance, in 2010, Coty Inc. also focused on additional beauty channels, boosting its brand portfolio with skin care and color cosmetics brands. Coty acquired OPI in nail care; Philosophy, Inc., in skin care and cosmetics; TJoy, a leading Chinese skin care company; and Dr. Scheller Cosmetics AG, a German manufacturer of makeup and skin care brands.
In October, Coty Inc. and Calvin Klein, Inc. announced a collaboration to develop and market a full line of color cosmetics to be added to the Coty portfolio for a planned spring 2012 launch.
In November, after much industry speculation, Coty officially announced it had signed blockbuster celebrity Lady Gaga to develop and market her first-ever signature fragrance. The fragrance line is expected to launch in spring 2012. Steve Mormoris, senior vice president of global marketing for Coty Beauty, said, “The marketing behind Lady Gaga’s fragrance will be unprecedented and groundbreaking.”
In January 2011, Boston-based private equity firms Berkshire Partners LLC, based in Boston, and Rhône, which has offices in New York, London and Paris, announced that they had each made minority equity investments in Coty Inc, with each of the investors represented on Coty’s board of directors. The move prompted talk of a possible IPO as well as a positioning for further acquisitions.
Subsequently, in January, Coty Beauty announced that entrepreneur and supermodel Heidi Klum had been signed to develop and market her new signature fragrance, Heidi Klum Shine, which launched this fall.
But Coty Inc.’s biggest deal may still be in the wings. Industry buzz says that the world’s No. 1 fragrance company is about to sign the “Material Girl” for the first Madonna fragrance. A Madonna license, along with Lady Gaga, and existing and future Beyoncé and J.Lo. scents, could catapult Coty to unimagined heights.
