Coty news and archive

Coty continues strategic review following successful debt reduction

Paris, France - US cosmetics and fragrance group Coty, which appointed a new interim CEO in January, published mixed results on Thursday. The company reported its “lowest debt in nine years” and is continuing its strategic review. In the second quarter of its fiscal year, from October to December, Coty's turnover increased by 1 percent...

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Coty supply chain and R&D boss steps down

Beauty company Coty has announced that its chief supply officer and head of research and development (R&D) Richard Jones is stepping down from the business this month. “The last couple of years at Coty have been an incredible experience, both personally and professionally,” said Jones, who joined the business in 2019. “Coty’s progress toward...

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Coty names new CEO of Kylie Jenner beauty business

Beauty company Coty has named Andrew Stanleick as the new CEO of its Kylie Jenner beauty business. Stanleick, who is based in New York City, is a beauty and luxury goods veteran with over 20 years of experience. He joined Coty in 2017 after nearly five years at US luxury brand Coach, where he served as president and CEO for Coach Europe. He will...

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Coty luxury brands president Simona Cattaneo to step down

Global beauty company Coty has announced that Simona Cattaneo will be stepping down as luxury brands president. Cattaneo joined Coty five years ago as a chief marketing officer and said in a statement that it’s been a fantastic experience working with so many inspirational people as she progressed within the company. “Coty is fortunate to have...

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Coty appoints new chief procurement officer

Coty has named Stéphane Delbos as its new chief procurement officer, effective 1 February. In his new role, Delbos will be tasked with implementing Coty’s multi-year procurement strategy, which includes achieving a 600 million dollar net reduction in costs by FY23 and strengthening the beauty label's new product pipeline. Delbos joined Coty in...

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Coty becomes partial owner of Kim Kardashian's business

Coty has become a partial owner of Kim Kardashian West's business. THe global beauty company completed its acquisition of 20 percent of the celebrity's business for a purchase price of 200 million dollars. This deal was first announced in June 2020. In 2019, Coty acquired 51 percent ownership of the beauty brand of Kardashian's sister, Kylie...

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Coty appoints two new board members

US beauty brand Coty has announced the appointment of Anna Adeola Makanju and Mariasun Aramburuzabala Larregui to its board of directors. Makanju is currently the global policy manager for content regulation at Facebook and has over fifteen years of experience across US government and leading private sector companies. She has also served as a...

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Coty makes two new appointments to leadership team

Coty has made two new additions to its leadership team: Isabelle Bonfanti has been named new chief commercial officer (CCO), luxury - while Jean-Denis Mariani has been appointed to the newly-created role of chief digital officer (CDO). In her new position, Bonfanti will be responsible for developing and executing Coty’s global luxury sales...

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Calvin Klein Fragrances returns to supermodel roots with new campaign

Over thirty years ago Calvin Klein launched its now legacy Eternity fragrance with Christy Turlington as its face. The scent was an overnight success and swiftly entered the fragrance hall of fame. Three decades later the perfume is having a renaissance, as Coty the license holder and Calvin Klein parent company PVH release Eternity’s latest...

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Coty and Kim Kardashian West partner to expand beauty brands

Coty and Kim Kardashian West have joined for a strategic transaction to further develop West’s business globally. The beauty company will help West's business enter new beauty categories and expand globally, while West and her team will continue leading creative efforts. Under this new agreement, Coty will acquire a 20 percent ownership in...

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Kim Kardashian sells 20 percent of KKW Beauty to Coty

Kim Kardashian West has inked a deal to sell 20 percent of her make-up brand KKW Beauty to American cosmetics giant Coty for 200 million dollars, the pair announced on Monday. The agreement values the three-year-old company at 1 billion dollars. It will see Coty take "overall responsibility" for the brand's skincare, haircare, personal care and...

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Coty chairman appointed new CEO

Coty has announced that its chairman Peter Harf has been appointed as new CEO. Harf, who is also the founder and managing partner of investment firm JAB Investors, will replace Pierre Laubies, who stepped down in May after less than two years in the role. Harf has been credited with building the “modern-day Coty” after spending over 20 years...