Coty Aiming to Boost Its Cosmetics Portfolio
Published September 11, 2008
Coty is seeking acquisitions to expand its cosmetics business. The company, which markets Lancaster and Rimmel, is looking to increase annual sales to $5 billion by 2010 from $3.3 billion in 2007, according to reports. Some 82% of Coty’s sales last year were generated in the perfume division, while makeup accounted for 15% and skin care generated 3% of revenue. Coty is said to be one of several parties interested in buying Clarins.
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