Coty joins S&P 500 and investors like it

By Simon Pitman contact

- Last updated on GMT

Coty joins S&P 500

Related tags: New york stock, York stock exchange, Stock market

Coty has been added to the Standard & Poor’s 500, an announcement that drew applause from the investment world and sent stock prices on the up.

The cosmetics and personal care players has evolved enormously on the back of an increasing global footprint that is largely thanks to the $12 billion acquisition of a large portion of Procter & Gamble’s higher-end cosmetic and fragrance brands.

The company will officially join the S&P 500 at the close of business on the New York Stock Exchange, this Friday, when it will edge out Diamond Offshore Drilling from the list.

Coty nudges its way into the index

Coty nudges into the bottom of the S&P 500 Index, but with its market share continuing to grow on the back of the P&G acquisition, company executives are looking to strengthen that position.

It will be given S&P GICS (Global Industry Classification Standard) and will be an active part of the Personal Products sub-industry index, S&P Dow Jones confirmed in a press statement.

The announcement led to a spike in share prices increasing on heavy trading volumes when the news reached the New York Stock Exchange floor on Wednesday afternoon.

The S&P 500 is a stock market index for the largest companies traded publically in the United States and is a closely watched reference point for many investors worldwide.

It denotes the top 500 companies with regards to market capitalization, with the weightings and components being determined by the S&P Dow Jones Indices.

Ulta added, Avon falls off S&P 500

In April of this year, Ulta was added to the S&P index after its continued market expansion in the US helped improved its market capitalization, but things have not been quite so rosy for Avon.

Back in March last year, Cosmetics Design senior correspondent Deanna Utroske reported on Avon’s continued demise, which had resulted in the company being delisted from the S&P 500​.

Avon delisting was the first time in 48 years that it had not been included in the index, and resulted in the company’s continued fall in market capitalization.

The direct sales player was moved to the S&P MidCap 400 Index after its market capitalization fell to less than $3.2 billion, considerably below the $10 billion value generally given to companies in the S&P 500.

Related news

Related products

show more

The Hair Exposome solution: SymHair® Shield

The Hair Exposome solution: SymHair® Shield

Symrise | 14-May-2019 | Product Brochure

External pollution refers mainly to airborne particles. Pollution dust and particles deposit onto the hair day after day and cause damage to the hair fiber.

Sustainably sourced collection of African Oils

Sustainably sourced collection of African Oils

Symrise | 06-May-2019 | Product Brochure

Sustainably sourced to preserve local biodiversity and improve local social and economic conditions, Symrise presents its African Oils collection. The...



SABINSA: Innovating the Science of Cosmetics® | 06-May-2019 | Data Sheet

Sabinsa’s patented Olepent® is a pentapeptide complexed with plant-derived oleanolic acid. It stimulates the skin’s natural production of collagen to repair...

Related suppliers

Follow us

Featured Events

View more


View more