Coty Inc. is an American multinational beauty company founded in 1904 by François Coty. With its subsidiaries, it develops, manufactures, markets, and distributes fragrances, cosmetics, skin care, nail care, and both professional and retail hair care products. Coty owns around 77 brands as of 2018
Coty is one of the world's largest beauty companies and the largest fragrance company,[4][5] with over $9 billion in revenue for the fiscal year ending in June 2018.[1] Coty acquired 41 beauty brands from Procter & Gamble in 2016,[6] becoming the global leader in fragrance, the second largest company for hair color and styling products,[7] and the third largest company for color cosmetics.[8] The company operates three divisions: Consumer Beauty, which focuses on body care, color cosmetics, fragrances, and hair coloring and styling products; Luxury, for luxury cosmetic, fragrance, and skin care products; and Professional Beauty, which services beauty salon and nail salon professionals.[9][10] Coty's mission is to "celebrate and liberate the diversity of beauty".[11]
The company has approximately 20,000 full-time employees in 46 countries, as of mid 2018.[1] Coty's executive offices are located in London.[12] The Consumer Beauty, Luxury and Professional Beauty divisions are headquartered in New York City, Paris and Geneva, respectively.[1] Peter Harf is Coty's chairman.[13] Pierre Laubies was Coty's CEO,[13] but on June 1, 2020 he was replaced by Harf.[14] Pierre-André Terisse was appointed chief financial officer in January 2019.[15] In July 2020, it was announced that Sue Youcef Nabi will become to company's new chief executive officer. Nabi who has previously served as L'Oréal's executive, is slated to take over the position in September the same year.[16]
JAB Holding Company is Coty's largest shareholder, with a 60 percent stake.[2] Coty's stock is, as of September 2020, the smallest S&P 500 component by market capitalization.
Board of directors
As of October 2020:[17]
- Sue Y. Nabi, CEO of Coty,
- Sabine Chalmers, former Anheuser-Busch executive
- Olivier Goudet, CEO of JAB
- Erhard Schoewel, former Reckitt Benckiser executive
- Robert Singer, former CEO of Barilla
- Paul Michaels, former president of Mars, Incorporated
- Joachim Creus, JAB executive
- Beatrice Ballini, former Goldman Sachs executive
- Isabelle Parize, CEO of Delsey
- Justine Tan, JAB executive
- Johannes Huth, KKR executive
- Nancy Ford, KKR executive
Brands and products
Coty owns approximately 77 brands, as of 2018 and has partnerships with various other brands, including: [18]
- Alexander McQueen[19]
- Balenciaga[20][21]
- Bottega Veneta[22]
- Bourjois[23]
- Bruno Banani[19]
- Burberry Beauty[24]
- Calvin Klein
- Chloé[18]
- Clairol[25]
- David Beckham
- Davidoff
- Dolce & Gabbana
- Escada[19]
- Good Hair Day (ghd)[26]
- Hugo Boss[19]
- James Bond (007 James Bond)[19]
- Jil Sander[27]
- JOOP!
- Kylie Cosmetics (51%)
- KKW Beauty (20%)[28]
- Lacoste (fragrances)[19]
- Marc Jacobs[29]
- Max Factor[29]
- Mexx[19]
- Miu Miu[30]
- OPI Products[31]
- philosophy
- Rimmel[31]
- Roberto Cavalli[32]
- Sally Hansen[33]
- Stella McCartney[19]
- Wella[25]
Coty relaunched the CoverGirl and Clairol brands, including the Nice 'n Easy hair coloring product, in late 2017 and early 2018, respectively. The relaunches included new messaging and product development, with an emphasis on diversity.[31][34][35] The company also relaunched Max Factor in 2018.[36][37][38]
Coty ranked number 371 on the Fortune 500, Fortune magazine's annual list of the largest U.S. corporations by total revenue, in 2018.[94] The company ranked number 5 on Women's Wear Daily's 2017 "Top 100" list of the world's largest beauty manufacturers, estimating $9.15 billion in sales.[95] According to Advertising Age, Coty was one of the largest global advertisers in 2017.[96] In 2018, Coty ranked number 1,196 on the Forbes Global 2000, an annual ranking of the top 2,000 public companies in the world by Forbes magazine.[97] Additionally, Coty ranked number 396 on Forbes' 2018 list of "America's Largest Public Companies"