Coty Inc.

July 11, 2005 02:00 ET

Coty Inc. Completes Purchase of Unilever's Prestige Fragrance Business; Becomes World's Largest Fragrance Company

NEW YORK--(CCNMatthews - Jul 11, 2005) -

Coty Inc. today said that it has completed its previously announced purchase of Unilever Cosmetics International (UCI), the global prestige fragrance business of Unilever (NYSE: 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, JOOP!, Nikos, Chopard, Vivienne Westwood, Marc Jacobs, Kenneth Cole, Baby Phat, Sarah Jessica Parker, Nautica and Jette Joop. For further information, please visit www.Coty.com.

Contact Information

  • Coty Inc.
    Maria La Gamba, +1 212 479 4335
    or
    Lancaster Group WW
    Marianne Honvault, +33 1 53 05 04 83