07.02.23
New York, NY
www.cotyinc.com
Sales: $5.3 billion
Key Personnel: Sue Y. Nabi, chief executive officer; Laurent Mercier, chief financial officer; Kristin Blazewicz, chief legal officer and general counsel; Gordon Von Bretten, chief transformation officer; Anna Von Bayrn, chief corporate affairs officer; Stéphane Delbos, chief procurement officer; Priya Srinivasan, chief people and purpose officer; Jean-Denis Mariani, chief digital officer; Caroline Andreotti, chief commercial officer, prestige; Stefano Curti, chief brand officer, consumer beauty; Alexis Vaganay, chief commercial officer, consumer beauty; Constantin Sklavenitis, chief prestige brands officer; Dr. Shimei Fan, chief scientific officer; Graeme Carter, chief global supply chain officer
Major Products: Cosmetics and fragrances. Prestige—Burberry, Calvin Klein, Chloé, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie, Lacoste, Lancaster, Marc Jacobs, Miu Miu, Orveda, Philosophy, Roberto Cavalli, Skkn, Tiffany & Co.; Consumer—Adidas, Bourjois, Bozzano, Bruno Banani, Cenoura & Bronze, CoverGirl, Max Factor, Mexx, Miss Sporty, Monange, Nautica, Paixao, Rimmel, Risqué, Sally Hansen, Vera Wang
New Products: Skin care—Orveda OmniPotent Concentrate Serum, Sknn by Kim; Cosmetics— CoverGirl’s Clean Fresh Yummy Gloss, Sally Hansen Perfect Manicure; Fragrance—Infiniment Coty Paris, Where My Heart Beats eau de parfum, Burberry Hero and Her, Gucci Flora Gorgeous Jasmine and Gorgeous Gardenia, Boss Bottled Parfum, Chloe Atelier des Fleurs
Comments: Coty is on the mend. Sales jumped 15% in fiscal 2022, helped by a 20% increase in prestige sales and a 7% gain in consumer beauty sales. Prestige gains came, in part, from an 18% gain in unit volume. Coty credited the increase to launches of Gucci Flora, Burberry Hero, Tiffany Rose Gold, CK Defy, Hugo Boss The Scent and the global relaunch of Kylie cosmetics. Existing brands that provided a sales lift included Gucci Makeup, Gucci Guilty, Burberry Her, Gucci Bloom, Chloe Atelier des Fleurs and Marc Jacobs Perfect.
Consumer gains came, in part, from a 5% increase in unit volume, especially within the color cosmetics sector. In fact color cosmetics sales are soaring. (To learn more about this space, turn to p. 44 in this issue.) The rebound continued into 2023. For the nine months ended March 31, 2023, sales rose 2%, but the company notes that fiscal Q3 sales were up 9%.
“Nine months into FY23, we are continuing to deliver sales growth amongst the best in our peer set, strong profit growth and operating margin expansion, and solid free cash flow as we progress towards our leverage target towards 3x exiting CY23,” said CEO Sue Y Nabi. “I am excited by the many initiatives planned for the coming quarters and years, as we continue on our journey to transform Coty into a true beauty powerhouse.”
In April, Coty launched Where My Heart Beats, a fragrance that includes LanzaTech’s CarbonSmart alcohol, which captures industrial transmissions and transforms it into alcohol for use in fine fragrance.
“Coty is the first company to introduce carbon-captured alcohol into fine fragrances for global distribution,” said Coty Chief Scientific & Sustainability Officer Dr. Shimei Fan. “This is an inspiring example for sustainability being the ultimate driver of innovation. Beyond the science, there is something magical in upcycling industrial emissions into alcohol pure enough for use in fine fragrances.”
In May, the company unveiled something called “Coty Protopia,” which is billed as a new approach to develop innovative beauty products, underpinned by a commitment to sustainability and new art.
The Protobia announcement came as Coty launched an Orveda skin care serum and Infiniment Coty fragrance.
“Orveda’s new Omnipotent Concentrate serum… is, perhaps, the most potent serum of all time,” said Nabi. “Infiniment Coty Paris, our most ambitious fragrance project to date, aims to usher in a new era for fragrances and perfumery, representing to fragrance what Orveda is to skin care.”
www.cotyinc.com
Sales: $5.3 billion
Key Personnel: Sue Y. Nabi, chief executive officer; Laurent Mercier, chief financial officer; Kristin Blazewicz, chief legal officer and general counsel; Gordon Von Bretten, chief transformation officer; Anna Von Bayrn, chief corporate affairs officer; Stéphane Delbos, chief procurement officer; Priya Srinivasan, chief people and purpose officer; Jean-Denis Mariani, chief digital officer; Caroline Andreotti, chief commercial officer, prestige; Stefano Curti, chief brand officer, consumer beauty; Alexis Vaganay, chief commercial officer, consumer beauty; Constantin Sklavenitis, chief prestige brands officer; Dr. Shimei Fan, chief scientific officer; Graeme Carter, chief global supply chain officer
Major Products: Cosmetics and fragrances. Prestige—Burberry, Calvin Klein, Chloé, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie, Lacoste, Lancaster, Marc Jacobs, Miu Miu, Orveda, Philosophy, Roberto Cavalli, Skkn, Tiffany & Co.; Consumer—Adidas, Bourjois, Bozzano, Bruno Banani, Cenoura & Bronze, CoverGirl, Max Factor, Mexx, Miss Sporty, Monange, Nautica, Paixao, Rimmel, Risqué, Sally Hansen, Vera Wang
New Products: Skin care—Orveda OmniPotent Concentrate Serum, Sknn by Kim; Cosmetics— CoverGirl’s Clean Fresh Yummy Gloss, Sally Hansen Perfect Manicure; Fragrance—Infiniment Coty Paris, Where My Heart Beats eau de parfum, Burberry Hero and Her, Gucci Flora Gorgeous Jasmine and Gorgeous Gardenia, Boss Bottled Parfum, Chloe Atelier des Fleurs
Comments: Coty is on the mend. Sales jumped 15% in fiscal 2022, helped by a 20% increase in prestige sales and a 7% gain in consumer beauty sales. Prestige gains came, in part, from an 18% gain in unit volume. Coty credited the increase to launches of Gucci Flora, Burberry Hero, Tiffany Rose Gold, CK Defy, Hugo Boss The Scent and the global relaunch of Kylie cosmetics. Existing brands that provided a sales lift included Gucci Makeup, Gucci Guilty, Burberry Her, Gucci Bloom, Chloe Atelier des Fleurs and Marc Jacobs Perfect.
Consumer gains came, in part, from a 5% increase in unit volume, especially within the color cosmetics sector. In fact color cosmetics sales are soaring. (To learn more about this space, turn to p. 44 in this issue.) The rebound continued into 2023. For the nine months ended March 31, 2023, sales rose 2%, but the company notes that fiscal Q3 sales were up 9%.
“Nine months into FY23, we are continuing to deliver sales growth amongst the best in our peer set, strong profit growth and operating margin expansion, and solid free cash flow as we progress towards our leverage target towards 3x exiting CY23,” said CEO Sue Y Nabi. “I am excited by the many initiatives planned for the coming quarters and years, as we continue on our journey to transform Coty into a true beauty powerhouse.”
In April, Coty launched Where My Heart Beats, a fragrance that includes LanzaTech’s CarbonSmart alcohol, which captures industrial transmissions and transforms it into alcohol for use in fine fragrance.
“Coty is the first company to introduce carbon-captured alcohol into fine fragrances for global distribution,” said Coty Chief Scientific & Sustainability Officer Dr. Shimei Fan. “This is an inspiring example for sustainability being the ultimate driver of innovation. Beyond the science, there is something magical in upcycling industrial emissions into alcohol pure enough for use in fine fragrances.”
In May, the company unveiled something called “Coty Protopia,” which is billed as a new approach to develop innovative beauty products, underpinned by a commitment to sustainability and new art.
The Protobia announcement came as Coty launched an Orveda skin care serum and Infiniment Coty fragrance.
“Orveda’s new Omnipotent Concentrate serum… is, perhaps, the most potent serum of all time,” said Nabi. “Infiniment Coty Paris, our most ambitious fragrance project to date, aims to usher in a new era for fragrances and perfumery, representing to fragrance what Orveda is to skin care.”