Coty

M&A activity hints at new realities in the beauty sector

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M&A activity hints at new realities in the beauty sector

By Deanna Utroske

This past week Coty bought controlling stake in Kylie Cosmetics, The Estée Lauder Companies acquired Korea-based skin care brand Dr Jart+, and Olaplex accepted a private equity deal from Advent International. To get a sense of what these transactions...

Coty results show both sales and profits sliding

Coty results show both sales and profits sliding

By Simon Pitman

Coty has revealed its fourth quarter and full year results, with the latest quarter underscoring the company’s downward trend, as sales drop 8% and earning falling by 6%.

Coty announces next chief scientific officer

Coty announces next chief scientific officer

By Deanna Utroske

Coty’s previous CSO retired from the company earlier this summer having, as his final project, stayed on to help the Coty team integrate the P&G beauty brands. Friday, the new chief scientist starts to work.

As of today, Coty is the world’s third-largest beauty company

As of today, Coty is the world’s third-largest beauty company

By Deanna Utroske

Having now completed the acquisition of P&G’s specialty beauty business, which doubled the company’s annual revenue, Coty takes its place as a global leader in fragrance, color cosmetics, and professional hair care and styling.

Coty names Camillo Pane CEO

Coty names a new CEO

By Deanna Utroske

The appointment won’t take effect until later this year, once the Coty P&G deal is formally closed. Fittingly, the new executive has experience integrating acquisitions in and beyond the US.  

Spotlight

CosmeticsDesign Clean & Ethical Beauty Video Series Episode 4: Getting the message right Clean & Ethical Beauty Video Series Episode 4: Getting the message right L'Oréal chairman and CEO Jean-Paul Agon says it is vital the beauty industry makes significant changes - 'we don't have much time' (Getty Images) ‘Entering a new era’: L’Oréal outlines 2030 sustainability goals on plastics, carbon emissions and more The future? Soap dispensing technology can be used to provide consumers a touch-free skin care, hair care or make-up sampling experience in-store (Getty Images) Touch-free packaging, tools and virtual try-ons ‘really important’ for post-COVID beauty world: Expert The personal care giant 'surprisingly and unexpectedly' found that walnut tree bark or branch powder improved teeth whitening after seven days (Getty Images) Colgate-Palmolive files patent for walnut-based teeth whitening blend In a best-case microplastics restriction scenario, make-up, lip and nail care products would be exempt and just require labelling on best-practice for removing after wear (Getty Images) REACH microplastics restriction: Worst-case and best-case scenarios ‘already clear’, says Cosmetics Europe chief The luxury beauty range features six simple and shareable products, including a cleanse and shave solution and exfoliator and pore minimiser Monroe Skincare on 2020 launch: ‘We thought, let's break the rules' Food for thought? 'We use fruits, flowers, spice and woods but we never use a lot of veggies in perfume', says the senior perfumer at Eurofragrance (Getty Images) Fresh spices and veggies to cook up a storm in fragrance: Expert perfumer In a post-COVID world - with social distancing measures and hygiene concerns - pop-up stores offer beauty brands and retailers flexibility (Getty Images) Retail experts: Why pop-ups and pick-ups may spell beauty's future Independent power: 'At the heart of every single kind of indie beauty transaction is a really conscious choice by a consumer' (Getty Images) 'Intense, personal and emotional': How beauty communities saved Indies during COVID-19

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