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

Coty considers selling Brazilian operations and professional beauty business

The beauty conglomerate announced yesterday plans to sell its Professional Beauty business, which includes brands such as Wella, Clairol or OPI, as well as the company’s Brazilian operations. Coty said it wants to focus more intently on its fragrance, cosmetics and skin care businesses.

Coty has met some difficulties in integrating the assets of its recent acquisitions

Today’s announcement accelerates [our] transformation and will help reposition Coty as a more focused and agile company, deleverage our balance sheet, and improve our ability to invest in areas with the greatest growth potential,” said Pierre Laubies, Chief Executive Officer of Coty, in a statement.

The businesses under this strategic review are expected to generate net revenues of approximately US$2.7 billion in fiscal year 2019.

Coty's Professional Beauty portfolio includes brands such as Wella, Clairol (...)

Coty’s Professional Beauty portfolio includes brands such as Wella, Clairol or OPI

Coty has met some difficulties in integrating the assets of its recent acquisitions, including those related to the take-over of Procter & Gamble’s beauty businesses in 2015.

© 2019 - Brazil Beauty News - www.brazilbeautynews.com

latest news
Focus
MakeUp in New York moves to Javits Center to continue growing

MakeUp in New York moves to Javits Center to continue growing

The latest edition of MakeUp in NewYork was a huge success, announced the organisers. Held at the Center415 on 5th Avenue, in Manhattan, on September 11&12, 2019, the two-day B2B event dedicated to the makeup and skincare supply chain welcomed more than 3800 visitors, with a growth of 12% of international guests. Brazil, (...)

read more
Experts’ views
India emerges as the next beauty giant

Asia Cosme Lab
India emerges as the next beauty giant

Thanks to a growing young population (first youth population in the world) and the emergence of a vast middle class, as well as a higher Internet connection from both urban and rural areas, India is set to emerge as the next beauty giant after China. Asia Cosme Lab took a deep dive in the fascinating Indian market, where both (...)

read more

Features