Follow us twitter facebook
Edition: Brazil
Click here to subscribe toour free weekly newsletter click here
Industry buzz

Coty and P&G ink a US$12.5 billion historic deal to create beauty giant

Coty and Procter & Gamble (P&G) have announced the acquisition by Coty of P&G’s fine fragrance (Hugo Boss, Dolce & Gabbana and Gucci), colour cosmetics (Covergirl and Max Factor), and hair colour businesses (Wella, Clairol) for approximately US$12.5 billion.

Bart Becht, Chairman & Interim Chief Executive Officer, (...)

Bart Becht, Chairman & Interim Chief Executive Officer, Coty

This historical transaction will create one of the world’s largest beauty companies, with pro forma combined annual revenues of more than US$10 billion based on fiscal year 2014 performance. In particular, Coty is expected to become the global leader in fragrances and to significantly enhance its position in colour cosmetics. The transaction will also significantly expand Coty’s geographical footprint, providing scale in large beauty markets like Brazil and Japan, while also increasing critical mass in important areas such as in North America, Europe, the Middle East and Asia.

Earlier this year, P&G sold two soap brands to Unilever as well as the French fragrance brand Rochas to Interparfums. As for Coty, the group recently acquired Bourjois from Chanel, which consecutively become one of its important shareholders.

© 2015 - Brazil Beauty News - www.brazilbeautynews.com

latest news
Focus
Luxe Pack prepares for its second Los Angeles edition and announces new venue in New York

Luxe Pack prepares for its second Los Angeles edition and announces new venue in New York

Luxe Pack, the business to business tradeshow dedicated to luxury packaging, will return to the West Coast for its second Los Angeles edition on February 27-28, 2019. As per last year, the event will be co-hosted with MakeUp in Los Angeles, B2B show for beauty and skin care accessories, trends, and formulation. Luxe Pack Los (...)

read more
Experts’ views
Vanilla Madagascar - crisis recovery... or not yet?

Rémi Pulverail
Vanilla Madagascar - crisis recovery... or not yet?

Following the interesting November report from Aust & Hachmann (Vanilla Market Update - November 2018), we would like to emphasize a few points which - to our opinion- are quite questionable. The report is very optimistic, and we all hope that the unusual crisis on the vanilla market comes to an end as the current situation (...)

read more

Features