Coty Inc. posted record-breaking revenues for the sixth consecutive fiscal year with net sales totaling $4 billion for the fiscal year ending June 30, 2008—up 23% from 2007, according to the company.
 
The Coty Prestige division ended the fiscal year jumped 16% with net sales reaching $2.1 billion. Steady growth in existing markets and robust growth in emerging markets, including the Middle East, Russia, China and Southeast Asia, were prime growth drivers for Coty Prestige, according to the company. Daisy Marc Jacobs enjoyed global success, holding the top prestige fragrance position for four consecutive months in Japan, and it was named Fragrance of the Year in the Women’s Luxe category at the Fragrance Foundation’s 36th annual FiFi Awards in May 2008. Success behind the houses of Calvin Klein, Vera Wang, Chloé, Joop, Lancaster and Davidoff accelerated growth for Coty Prestige as well.
 
Ending the fiscal year with net sales of over $1.9 billion—a 33% increase from fiscal year 2007—the Coty Beauty division’s success was primarily driven by new launches including Kate by Kate Moss, Kylie Minogue Sweet Darling and Showtime, and David Beckham Intimately Night, as well as the continued strength and growth of the Adidas and Rimmel brands and the acquisition of Del Laboratories, Inc., a move that integrated popular skin care and color cosmetics brands Sally Hansen, N.Y.C. New York Color and La Cross into the Coty Beauty portfolio.