Breaking News

Coty Buys StarAsia

May 23, 2013

Adds SE Asian distributor.

In a month filled with moves of all kinds, Coty Inc. will acquire StarAsia, a distributor of beauty products in the markets of Southeast Asia (Cambodia, Hong Kong, Indonesia, Malaysia, Singapore, Taiwan and Vietnam) from its current parent, Isibane Pte. Ltd. The transaction is expected to close in July 2013. A purchase price was not disclosed.

"The acquisition of StarAsia will provide us with an established distribution platform to sell our mass brands in key developing markets in the Southeast Asia region," said Mr. Michele Scannavini, CEO of Coty Inc. "We look forward to welcoming the StarAsia organization into the Coty family, and I am confident that the talented team there will fit in very well at Coty."

Following the completion of the acquisition, the existing management team of StarAsia will continue to contribute towards the development of Coty`s business in the region.

"StarAsia has succeeded in building a leading regional platform, with operations in seven countries in Asia and a strong track record of growth," said Mr. Noe Saglio, CEO of StarAsia. "We are delighted to become part of the Coty family, having been a business partner for more than 10 years. Our multicultural organization combines international experience with local know-how, and we look forward to building on our leading market position under Coty's ownership."

The StarAsia acquisition is just the latest in a series of moves that Coty has made in the past 10 days. Eariler, Coty announced it would issue an IPO and two days ago, the company entered Brazil via a JV with Frajo International.

More info:  www.coty.com.

Related End-User Markets:

blog comments powered by Disqus
  • Why Look Good, When You Can Look Perfect?

    Why Look Good, When You Can Look Perfect?

    Tom Branna, Editorial Director||April 4, 2016
    A new way to try-before-you buy is capturing the attention of consumers and the beauty industry.

  • NYSCC Explores Product Innovation

    NYSCC Explores Product Innovation

    Christine Esposito, Associate Editor||March 14, 2016
    New product development, formulation expertise and proper preservation are topics of discussion at February monthly meeting.

  • Battling Pollution via Skin Care

    Battling Pollution via Skin Care

    Christine Esposito, Associate Editor||March 7, 2016
    Canadian start-up turns to crowdfunding to help launch a new anti-pollution moisturizer.

  • Who Makes That?

    Who Makes That?

    Tom Branna, Editorial Director||April 1, 2016
    From concept and formulation to testing and filling, today’s contract manufacturers perform a range of services for marketers

  • Multi-Cultural Beauty Update

    Multi-Cultural Beauty Update

    Christine Esposito, Associate Editor||April 1, 2016
    Established brands and start-ups address the needs of multi-cultural beauty consumers.

  • The Scalp Microbiome

    The Scalp Microbiome

    Nava Dayan PhD, Dr. Nava Dayan LLC||April 1, 2016
    A review of recent findings and innovative approaches for treating scalp disorders.