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Coty honored for innovation
September 29th, 2011
NEW YORK – Coty Inc. has been recognized as the Most Innovative Company of 2011 by the renowned Consumer Goods Technology Group.
The beauty care giant said this week that the Consumer Goods Technology (CGT) Group, a group of senior leaders representing the consumer industry, unanimously selected Coty for the honor after a rigorous review of hundreds of entries.
According to Coty, three of the cosmetics company's products were recognized as the most innovative: Rimmel Lash Accelerator, for its Lash Growth Technology; Sally Hansen Salon Manicure, for the first encapsulation in nail lacquer; and Sally Hansen Special Effects, for its patented film technology.
The recognition is determined by the CGT Group's board of directors, including executives from Alberto Culver, Procter & Gamble, Unilever, Nestle, Accenture, Miller-Coors, Gartner Group, DelMonte Foods and Rubbermaid.
"Coty is thrilled to accept this prestigious honor," staed Bernd Beetz, chief executive officer of Coty. "We are humbled to be recognized by a board of peers who are industry giants in their respective companies. At the helm of this great company for 10 years now, I have seen firsthand the drive and creativity that embodies all those who work at Coty. I am confident that this achievement will propel us even further as we continue strengthening our innovation pipeline and delivering products that consumers love."
The award was recently presented to Coty, and the company said it will be featured in the December issue of the Consumer Goods Technology magazine.
"These products and their subsequent recognition are the result of great team work as we drive our innovation process to new levels," commented Ralph Macchio, senior vice president of global research and development and chief scientific officer at Coty. "The science behind Coty's product portfolio uniquely reflects the team's successful response to the evolving demands of consumer habits and retail trends. We are all very excited to be recognized for our strong innovation performance in a highly competitive marketplace."