NEW YORK — Coty Inc. announced the resignation of Camillo Pane, current chief executive officer of Coty, for family reasons and the appointment of Pierre Laubies as the new CEO of Coty, effective immediately. Bart Becht, chairman of Coty, said: “We are very grateful for Camillo’s many contributions to Coty during his time as CEO.
NEW YORK — Coty, one of the world’s leading beauty companies, announced a strategic partnership with Cruelty Free International that aims to end animal testing for cosmetics globally. As a first step in the partnership, Coty achieved Leaping Bunny certification by Cruelty Free International for CoverGirl, which is the largest makeup brand ever to be
NEW YORK — Sean Foster has joined Coty Inc. as global senior vice president of e-commerce. Coty said Tuesday that Foster, most recently chief executive officer of Crowdtap, will oversee e-commerce strategy and execution for all three of its divisions: Coty Consumer, Coty Luxury and Coty Professional Beauty. “I’m delighted to be joining Coty, given
NEW YORK — Coty Inc. has named Unilever executive Laurent Kleitman as president of Coty Consumer Beauty, taking over from Esi Eggleston Bracey, who’s leaving the company. Coty said Tuesday that Eggleston Bracey is departing for personal reasons and will remain with the company for a transition period until the end of this month. Kleitman,
NEW YORK — Coty Inc. plans to acquire a 60% interest in Founders of Younique, an online peer-to-peer (P2P) social selling platform in beauty care, for $600 million in cash. Coty said Tuesday that Younique will operate as a separate business within the Coty Consumer Beauty division and continue to be led by current chief
NEW YORK — Coty Inc. has finalized its acquisition of the fine fragrances, salon professional, cosmetics, retail hair color, and select hair styling businesses of Procter & Gamble Co. Coty said Monday that the transaction, valued at more than $11 billion, makes it the world’s third-largest beauty care company, with annual revenue of about $9
NEW YORK — Coty Inc. formed a partnership with Paris-based brand marketing and technology agency BETC to support its Rimmel and Bourjois color cosmetics brands globally. Coty said Monday that the partnership is slated to launch this fall. The company isn’t disclosing details about the commercial arrangement, citing “competitive reasons.” Rimmel and Bourjois have “very
NEW YORK — Coty Inc. is promoting executive vice president Camillo Pane to chief executive officer. Coty said Thursday that Pane is slated to take the CEO reins after the company closes its deal to acquire Procter & Gamble Co.’s specialty beauty business. The transaction, announced last July, is expected to close in October. Bart
NEW YORK — Coty Inc. has unveiled a new leadership and business structure that will go into effect after the closing of its deal to merge with a collection of Procter & Gamble Co. beauty care brands. Coty said Tuesday that its business will be organized into three units: the Coty Luxury Division, focused on
NEW YORK — Coty Inc. has gone the acquisition route to boost its digital engagement capabilities. The beauty care company this week unveiled a deal to acquire Beamly, a digital marketing firm based in New York and London. Terms of the agreement weren’t disclosed. Beamly specializes in driving audience growth and engagement for consumer brands across
