Coty
Fashion
As India’s beauty market heats up, L’Oreal global CEO, top teams of Estée Lauder, Coty, Nars come calling
The global beauty honchos are visiting to study India’s beauty and cosmetics market that is expected to swell to a Rs 2-trillion opportunity by 2025. MNCs are looking at India as a future growth engine
New Delhi: As India’s beauty...
Beauty & Wellness
Coty names Sue Y. Nabi Chief Executive Officer
Coty Inc. announced that Sue Y. Nabi has been appointed Chief Executive Officer, effective September 1, 2020. Peter Harf will be elevated to the role of Executive Chairman and will work closely with Nabi to lead Coty’s transformation.
Nabi, a...
Beauty & Wellness
KKR to acquire majority stake in Coty Professional Beauty
Coty Inc. announced the signing of a Memorandum of Understanding (MOU) with global investment firm, KKR, for the sale of a majority in Coty’s Professional Beauty and Retail Hair business, including Wella Professionals, Clairol, OPI, and ghd brands (together...
Fashion & Lifestyle
Retailer Jimmy Choo puts itself up for sale
IANS -
Luxury shoe and bag retailer Jimmy Choo, with market value of over 700 million pounds (Rs 5,800 crore), has put itself up for sale.
The retailer said it had "decided to conduct a review of the various strategic options open...
Beauty & Wellness
Burberry sells perfume, cosmetics arm to beauty giant Coty
Burberry will hand over its fragrances and cosmetics arm to American beauty conglomerate Coty in a deal worth approximately £180 million.
Burberry said it would retain creative control of the division while beauty products maker Coty would bring its global...
Beauty & Wellness
Mergers & Acquisitions: Consolidation for growth in the beauty space
Globally, mergers and buyouts are common practices where one conglomerate has either acquired all the assets and liabilities of another company, or one has been bought over by a corporate giant purely for business growth. While in the Indian corporate scenario it has been a regular feature, in the Beauty and Wellness space, per se, it is still a relatively new concept with business houses still wanting to remain politically correct while sharing the details. Salon India reports
Beauty & Wellness
Coty to acquire Tjoy
French fragrance company, Coty Inc. plans to acquire Tjoy, a Chinese skin care brand. The move is intended to give Coty a foothold in China and the ability to expand its R&D capacities there."The Tjoy investment positions Coty as...
Beauty & Wellness
Coty procures OPI
Coty, the global French company, has overtaken FMCG giant, P&G, in the OPI deal. Settling the much-talked about OPI acquisition speculation, Coty has announced that it going to buy the California-based salon-professional nail polish brand. Although the financials of...
Beauty & Wellness
Coty Inc opens a subsidiary in Russia
Coty Inc., a leader in the global beauty industry, today announced the opening of Coty’s new Russian subsidiary. The opening of Coty’s Russia office, located in Moscow, is a strategic initiative for establishing direct in-house marketing control of the...
Retail
Unilever will give up luxury perfume business
Consumer goods major Unilever will sell its luxury perfume business, which produces Calvin Klein, Cerruti and Vera Wang fragrances, for $800 million (£438 million). The Anglo-Dutch group said it had agreed to sell Unilever Cosmetics International (UCI) to US...
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The Luxottica report card for 2022
A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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