This week Coty completed its purchase of Hypermarcas S.A., a deal that gives the expanding cosmetics, fragrance, and personal care company a strong foothold in the world’s 3rd largest beauty market.
Coty pleased the financial market by revealing a strong set of fourth quarter results, beating expectations and seeing the business swing back into profit.
Coty is struggling to grow its non-core brands in a tough North American fragrance market, reporting flat revenue for the first quarter, however it is meeting expectations and interim CEO Bart Becht says it is making ‘gradual progress’.
Shares have risen in Coty since it announced its intention to acquire luxury fragrance and color cosmetics brand Bourjois from Chanel, but a Euromonitor analysts says the deal does not cover all bases.
Beauty firm Coty struggled in its second quarter as net revenues were down, as the U.S. in particular slowed down; but there is still hope for the company, particularly in color cosmetics.
Law firm Wites & Kapetan has announced an investigation into Coty’s $1 billion flotation, which was launched back in June of this year to raise money for further investments.
Euromonitor analyst Oru Mohiuddin has called Coty's fourth quarter results “better, but definitely not positive” and suggested that the company needs to develop a more focused strategy.
Multi-national cosmetics player Coty is set to launch a massive IPO this Thursday on the New York Stock Exchange. It should raise in excess of $1bn for the company and experts are predicting a success.
As December rounds off what has been a tough year for Avon between declining sales and shares, bribery investigations and its CEO stepping down, media reports speculate that Coty may bring its acquisition offer to the table once more.
Fragrance player Coty has confirmed that it plans to raise approximately $700 million from an initial public offering, putting it in a stronger position for future acquisitions.
Fragrance and cosmetics manufacturer Coty has announced its plans to purchase a majority stake in TJoy in an attempt to increase its presence in China.
Following rumours that it was in negotiations to buy up skin care and nail polish experts OPI Products, fragrance-maker Coty has announced that it will be acquiring the company.
Fragrance-maker Coty is thought to be in serious negotiations to buy up skin care and nail polish experts OPI Products, according to a Bloomberg report.
Global beauty company, Coty, has announced it has signed a licensing agreement with Calvin Klein to develop and market a new color cosmetics line, due to be launched in 2012.
Global fragrance company Coty, announced the opening of a new subsidiary in Russia as part of a strategic initiative to establish direct in-house marketing control of the Coty products in Russia.
Coty has appointed a new president of its Beauty Division to manage all Coty brands available in mass distribution in the Americas, Europe, Asia and the Middle East.
Coty’s former chief financial officer has filed a civil complaint against the company accusing the board of “arbitrarily, capriciously, fraudulently and illegally” cheating him out of millions of dollars in stock options.
Church and Dwight has announced plans to acquire Del
Pharmaceuticals, the maker of oral analgesic product brand Orajel,
from global cosmetics and fragrance player Coty.
Coty has sold off its specialty bath brands, the healing gardern
and Calgon to New Jersey-based Ascendia Brands, in a move that will
almost double the company's annual turnover and strengthen its lead
in the bath category as...
Coty has completed the purchase of Unilever Cosmetics
International, the global prestige fragrance business of Unilever,
a deal that makes it the world's largest fragrance player,
reports Simon Pitman.
US beauty group Coty is targeting the teen market with the roll-out
of its first fragrance range under the Chupa Chups label. Created
by independent designer Emmanuel Fenasse, glass bottles are encased
in brightly-coloured plastic...
