Coty Inc.
| Coty Inc.
|
|
|---|---|
 |
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| legal form | Corporation |
| ISIN | US2220702037 |
| founding | 1904 |
| Seat |
New York , United States
|
| management | |
| Number of employees | 10,060 (2016) |
| sales | $ 4.34 billion (2016) |
| Branch | Cosmetics |
| Website | www.coty.com |
Coty Inc. is a listed perfume and cosmetics company based in New York . It goes back to a company founded in 1904 by the perfumer François Coty in Paris , which was early in business in the United States. The company is majority owned by JAB Holding .
history
From 1963 to 1992, Coty was a subsidiary of the pharmaceutical company Pfizer . In 1992 the German specialty chemicals company Joh.A. Benckiser GmbH , which previously owned the rights to the fragrance brands Davidoff, adidas and Jil Sander, took over the company and in 1996 spun off the luxury brands into the subsidiary Coty Inc. The British cosmetics manufacturer Rimmel was taken over in 1996 . By taking over the Fragrances Division (UCI) from Unilever in May 2005, Coty became the world's largest manufacturer of fragrances for the mass market.
In 2015, Coty acquired various cosmetics and care brands from competitor Procter & Gamble for 12.5 billion dollars , including Clairol, Wella , Max Factor and the perfumes of the Hugo Boss, Gucci, Lacoste and Bruno Banani brands. In November 2019, Coty acquired a 51 percent majority stake in Kylie Cosmetics from Kylie Jenner , a US influencer ; At the end of June 2020, Coty also announced a $ 200 million investment for a 20% stake in KKW, the cosmetics company of its half-sister Kim Kardashian West .
In May 2020, Coty sold a 60% stake in Wella and other brands in the field of professional cosmetics and hair products to the financial investor KKR ; this is being done in a strategic partnership in which Coty will remain a minority shareholder in these activities and KKR will also acquire shares in Coty.
Brands and products
Coty Inc. today owns the perfumes of the brands Adidas , Astor , Balenciaga , Beyoncé , Bottega Veneta , Bourjois, Calvin Klein , Cerruti , Chloé , Chopard , David Beckham , Davidoff , Enrique Iglesias , GUESS, Jennifer Lopez , Jil Sander , Joop ! , Jōvan, Katy Perry , Kylie Cosmetics , Lancaster , Love2Love, Manhattan, Marc Jacobs , Miss Sporty, Miu Miu , Nautica , NYC Color, OPI , Philosophy, Playboy , Rimmel , Roberto Cavalli , Sally Hansen, Stetson , Vera Wang and Vespa . As part of a strategic partnership, Coty distributes the perfume brands Nina Ricci, Carolina Herrera, Prada, Paco Rabanne and Antonio Banderas in the USA and Canada together with the Spanish Puig Beauty & Fashion Group . Sales in the 2008 financial year were around 4 billion US dollars, 65% of which was generated by the fragrances and 20% by the cosmetics sector.
Main shareholder
The JAB as an investment holding company of the business family Reimann held until May 2019 about 40% of the shares. In May 2019 the stake was increased to 60%.
Charity
During the COVID-19 pandemic , the perfume manufacturer in Rothenkirchen changed its production and made disinfectants instead of hair color and shampoo. This was donated to care facilities and emergency services in the region. According to their own statements, they wanted to make a contribution to the fight against the SARS-CoV-2 virus.
Web links
Individual evidence
- ↑ Coty announces new CEO and Board changes | coty.com. Retrieved November 19, 2019 .
- ↑ a b http://investors.coty.com/phoenix.zhtml?c=251569&p=irol-reportsannual
- ↑ Henkel goes away empty-handed - P&G sells Wella to Reimanns Coty , at www.manager-magazin.de , accessed on September 16, 2015
- ^ P&G confirms names of all 43 brands sold to Coty , at www.cosmeticsbusiness.com , accessed September 16, 2015; P&G transfers 10 perfume brands to Coty , cosmeticsdesign.com, January 13, 2016
- ↑ Beauty industry: Kylie Jenner sells majority of cosmetics company for $ 600 million to Coty. Retrieved November 19, 2019 .
- ↑ USA today: Coty to pay $ 200 million for a 20% stake in Kim Kardashian West's beauty business , July 1, 2020, accessed July 2, 2020
- ↑ ARD: KKr takes over Wella majority , May 11, 2020
- ↑ Cleaners and fragrances: Reimann family. Retrieved November 19, 2019 .
- ↑ Our Brands on www.coty.com , accessed on September 6, 2016
- ^ Family holding JAB: The power of the Reimann manager . ( handelsblatt.com [accessed on March 13, 2018]).
- ↑ Coty: THIRD QUARTER FY19 FINANCIAL RESULTS (presentation of quarterly figures), May 8, 2019, information on the result of a public offer by JAB to the shareholders of Coty with the aim of increasing the stake from 40% to 60% on page 14, accessed on August 12, 2019
- ↑ Yvonne Rostock: Disinfection instead of fragrance: The beauty company Coty has to change course. In: handelsblatt.com. Retrieved April 2, 2020 .