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
PRINCETON, N.J. — Market Performance Group (MPG) has hired George Cleary as managing partner and general manager of its consulting and sales services businesses. MPG said Monday that Cleary, most recently president of global fragrances for Elizabeth Arden, brings more than 25 years of sales, marketing, and general management experience and will report to MPG
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. revealed its first launch since the acquisition of 41 Procter & Gamble Co. properties and promised more to come. First up, a much awaited nail polish line under the Sally Hansen logo that retailers hope will add luster to the languishing nail business. At an event in Manhattan to introduce
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 — Former Coty executive Kathy Cullin has been hired as general manager of Bare Escentuals US at global cosmetics company Shiseido Americas Corp. In the newly created role, Cullin serves as a member of Bare Escentuals’ senior leadership team and oversees the commercial business and customer experience of the bareMinerals and Buxom Beauty
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 — Revlon Inc. has acquired Coty Inc.’s international businesses for nail care brand Cutex. Financial terms of the deal weren’t disclosed. Revlon said Monday that with the transaction, it has completed the global consolidation of the Cutex brand’s worldwide operations under Revlon management. The businesses acquired operate mainly in Australia and the United
NEW YORK — Elizabeth Arden Inc. plans to acquire the global license and certain assets for the Christina Aguilera fragrance business from Procter & Gamble International. Financial terms of the agreement weren’t disclosed. The transaction is expected to close in the first quarter of fiscal 2017, pending regulatory approvals. “We are tremendously excited with our
Coty needed to pull something big out of its hat. Concern over the direction of the soon-to-be-No. 3 company on the cosmetics leader board was murmured at the National Association of Chain Drug Stores Annual Meeting last month. What’s more, both Coty and the Procter & Gamble consumer beauty lines it is acquiring have lost
NEW YORK — Shannon Curtin, former group vice president of beauty and personal care at Walgreen Co., is joining Coty Inc. as senior vice president for North America. Coty said Friday that Curtin will assume her new position after the completion of the company’s merger with Procter & Gamble Specialty Beauty. In the interim, she
NEW YORK — Coty Inc. executive Jill Scalamandre has been named president of Shiseido Americas Corp.’s newly launched Global Makeup Center of Excellence. Shiseido said Friday that Scalamandre, currently chief marketing officer of skin care and senior vice president of philosophy at Coty, is slated to assume the new post on July 21. She will
