Posts Tagged ‘Coty’

COTY ACHIEVES LEAPING BUNNY CERTIFICATION

Monday, November 5th, 2018

courtesy image

French beauty company, Coty, has 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 awarded this certification, the internationally-recognized gold standard for cruelty free designation.

Coty worked with Cruelty Free International to undergo a rigorous audit of the brand’s supply chain and ingredients, resulting in Leaping Bunny certifying that COVERGIRL products and ingredients are not tested on animals either by Coty or its suppliers.  As part of the strategic partnership, Coty has also committed that at least one more of its brands will become certified through the Leaping Bunny program by 2020. The company will leverage the knowledge it gained about global supply chain certification through this process to help drive more responsible practices across its brand portfolio and the beauty industry. (more…)

LUPITA & SAOIRSE REPRESENT CALVIN KLEIN WOMEN!

Monday, July 16th, 2018

Calvin Klein, Inc. and Calvin Klein Fragrances, a division of Coty Inc., today revealed the worldwide print advertising campaign for the new fragrance CALVIN KLEIN WOMEN, the first Calvin Klein fragrance to be developed under the vision of Chief Creative Officer, Raf Simons.  The campaign, directed by artist, Anne Collier, features award-winning actresses, Lupita Nyong’o and Saoirse Ronan, both universally recognized for their unique talent, creativity, intelligence and strength of character.

The campaign champions iconic women and celebrates heroines of contemporary culture. Lupita and Saoirse are featured in a pair of striking and direct portraits, positioned next to chosen figures from the past who have inspired them – Eartha Kitt, Katharine Hepburn, Sissy Spacek, and Nina Simone — icons of femininity who have shaped their identities, as creatives, and as women.  “With this fragrance, we wanted to put the concept of plurality center stage. The campaign is an exploration of femininity – a group of women bonded by a common thread; the desire to have the power to create their own identity, and to support and lead the way for those that come after them.” said Raf Simons, Chief Creative Officer, Calvin Klein. “CALVIN KLEIN WOMEN is inspired by the transmission of strength and inspiration from one woman to the next; by plurality combined with individuality; freedom of expression; and the notion that the collective is as vital as the individual.”

Lupita and Saoirse will also be featured in the CALVIN KLEIN WOMEN television campaign, directed by Anne Collier in New York City, and debuting worldwide later this summer.

BUSINESS OF BEAUTY: COTY, INC.POSTS POSITIVE NET REVENUES!

Wednesday, May 9th, 2018

Ayesha Curry for CoverGirl, Courtesy photo

Coty Inc. (NYSE: COTY) today announced financial results for the third quarter of fiscal year 2018, ended March 31, 2018.   Net revenues of $2,222.7 million increased 9.4% as reported, compared to the prior year and increased 3.4%, while adjusted operating income of $227.8 million increased 9.4% from $208.3 million.  Coty CEO, Camillo Pane, attributed most of the company’s growth to the Luxury and Professional Beauty division, while “The Consumer Beauty division continued its uneven performance, but with encouraging signs of stability,” he shared.

Coty, which has recently relaunched the CoverGirl, Max Factor, and Clairol brands and acquired Burberry, ghd, and Younique Cosmetics, recently divested fourteen of its Consumer Beauty brands over the past year.  Pane explained, “We continued to reshape our growth profile by strengthening our iconic global brands, supported by recent relaunches. We are also fueling smaller brands with high growth potential and stabilizing the remaining portfolio including the conclusion of our previously communicated portfolio rationalization program.”  Regarding the sales of successful brands such as Cutex, Guess and Jennifer Lopez fragrances, he added, “This streamlining of our portfolio is an important milestone that will allow us to focus on those brands where we believe we are particularly suited to drive long term revenue growth.”