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Coty Opens New Flagship Office in Geneva

April 30, 2012

SWITZERLAND: Coty Inc. has opened a new corporate facility near Geneva, Switzerland. The flagship offices, located in Versoix (Canton Geneva), will complement its headquarters activities in New York and Paris, according to the company.

Coty’s new corporate site in Switzerland.
The Geneva office forms a third component in Coty’s corporate headquarters structure; it includes a R&D group linked to a Fragrance Center of Excellence, global and regional commercial teams for Coty Beauty and Coty Prestige divisions, procurement and supply chain operations, and a regional Northern European finance center.

“Creating a third headquarters in Geneva shows Coty’s commitment to being a truly global emerging leader in beauty,” said Bernd Beetz, CEO of Coty. “Our talented people take collaboration seriously, whether working across divisions or borders.”

The new center in Versoix will take a, lead in developing stronger relationships with its most important fragrance suppliers and will also support Coty marketing and new product development teams in London, New York and Paris, in addition to supporting manufacturing centers in Monaco, Spain and the US, according to the company.

“Geneva has become a highly important location to enhance Coty’s corporate activities as we realize our vision for the future,” said Peter Shaefer, Coty’s SVP of strategic business development, who also will serve as president of the board, Coty Switzerland.

Geneva will continue to host Coty’s worldwide travel retail business and the European oversight of various commercial activities.Additional functions at the new office will also include internal corporate activities to support the company’s two principal operating divisions, Coty Beauty and Coty Prestige. Coty’s decision to invest further in Geneva was also guided by its international location, qualified workforce and a goal to balance business travel required of its professionals.
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