New York law firm Pomerantz has filed a class action against Coty, alleging that the beauty giant misled investors when it went public last year.
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.
Global beauty company Coty has appointed Michele Scannavini to replace retiring CEO Bernd Beetz from the start of August.
Coty goes public to raise $700m for its treasure chest
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.
Coty ups Avon bid once again, Avon execs mulling it
Avon has confirmed that it has received another improved acquisition offer from Coty, which the direct sales player says it is currently considering.
Coty to buy majority stake in Chinese skin care company TJoy
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.
Coty confirms its acquisition of OPI Products Inc
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.
Coty to buy philosophy skin care brand
Coty plans to buy skin care company philosophy as it attempts to grow its presence in the skin care market.
Job loss expected as Coty closes plant
Cosmetics company Coty has announced that it will end production at its Rocky Point plant by next summer, eliminating about 330 jobs.
Coty rumored to be in negotiations to buy OPI
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.
Coty furthers its colour cosmetics expansion, this time in Germany
Beauty company Coty has furthered its expansion in colour cosmetics with the acquisition of German cosmetic producer, Dr Scheller Cosmetics (DSC).
Coty orchestrates Calvin Klein color cosmetics relaunch
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.
Coty to take over Roberto Cavalli fragrance license
Beauty company Coty is to take over the fragrance license of Italian fashion brand Roberto Cavalli from July 2011.
Fragrance manufacturer Coty cuts jobs as it outsources distribution
US-headquartered fragrance giant Coty will outsource its distribution to a third party in the hope of cutting costs.
Coty takes on Guess and plans new fragrance line early next year
The Guess fashion and lifestyle brand is the latest addition to the books of New York-based fragrance giant Coty.
Coty announces opening of new Russian subsidiary
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 closes two plants, formerly owned by Del Laboratories
Coty is closing two manufacturing plants in North Carolina to protect its profits against the financial fallout from the recession.
Coty appoints new head of Beauty Division
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 ex-CFO accuses former employers of fraud
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.
Coty announces strong annual sales across all divisions
Fragrance giant Coty has announced fiscal year sales of $4 billion; a significant improvement on last year’s results.
Coty hopes to strengthen prestige in the US with distribution agreement
Coty has signed a distribution agreement with Gemini Cosmetics in
order to strengthen its presence in the prestige fragrance market.
Oral care company buys pharmaceutical division from Coty
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 acquires Del Laboratories and parent company
Leading fragrance manufacturer Coty has acquired DLI Holding Corp.
which manufactures cosmetics and pharmaceuticals under the name Del
Coty sells off two specialty bath brands
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 reshuffles US operations
Fragrance giant Coty is to expand its US manufacturing and
distribution facilities, in a move the firm says will support its
Coty becomes world's biggest fragrance business
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.
Sweet packaging for perfume
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...