Coty Inc. Completes Purchase of Unilever's Prestige Fragrance Business; Becomes World's Largest Fragrance Company.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Coty Inc. today said that it has completed its previously announced purchase of Unilever Cosmetics International (UCI UCI University of California, Irvine UCI Union Cycliste Internationale (International Cycling Union) UCI Unidad de Cuidados Intensivos UCI United Cinemas International (UK) ), the global prestige fragrance business of Unilever (NYSE NYSE See: New York Stock Exchange : UN, UL). The closing of the transaction in Austria is expected shortly upon receipt of all necessary regulatory approvals. Coty Chief Executive Officer Bernd Beetz said, "The purchase of these prestige fragrances strengthens Coty's leadership position in the global marketplace. It is an excellent strategic move for Coty and one that is fully in line with our strategy. Coty is now the world's largest fragrance company and we are in a strong position to achieve our long-term goal of being among the top five beauty companies in the world." Michele Scannavini, President, Lancaster Group Worldwide said "The addition of these brands is a strong complement to Lancaster Group's prestige portfolio of celebrity, designer and lifestyle fragrances. We are truly excited about this acquisition and we are looking forward to developing these brands, which give us a new platform to further build our prestige business around the world." About Coty Inc. Coty Inc. is one of the world`s largest and most successful beauty companies with sales of $2 billion in 2004. With operations in more than 25 countries, Coty Inc. boasts a global brand portfolio of unrivaled breadth and scope, spanning the three core categories of fragrance, color cosmetics and skincare in the prestige, mass and masstige distribution sectors. Coty Beauty, Coty Inc.`s mass and masstige division, markets brands such as adidas, the healing garden, Rimmel, Calgon, Celine Dion, Stetson, Jovan, Aspen, Isabella Rossellini, Astor, Esprit, mary-kateandashley, Miss Sixty, Shania Twain and David and Victoria Beckham. Lancaster Group, the prestige division of Coty Inc., has a portfolio of brands including Davidoff, Jennifer Lopez, Lancaster, Jil Sander
She is linked with the Sex Pistols via Malcolm McLaren and their SEX/Seditionaries , Marc Jacobs Marc Jacobs (born April 9, 1963 in New York City) is an American fashion designer. He attended the High School of Art and Design and graduated in 1981. Although he does not refer to this in most interviews, he attended nearby Teaneck High School for most of his High school years. , Kenneth Cole, Baby Phat, Sarah Jessica Parker, Nautica and Jette Joop. For further information, please visit www.Coty.com. |
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