Coty facts for kids

Quick facts for kids
Coty Inc.

The company's logo
Type	Public
Traded as	NYSE: COTY (Class A) Euronext Paris: COTY S&P 400 component
ISIN	ISIN: [https://isin.toolforge.org/?language=en&isin=US2220702037 US2220702037]
Industry	Beauty
Founded	1904; 121 years ago (1904) in Paris, France
Founder	François Coty
Headquarters	Amsterdam, 1082 VA , Netherlands
Area served	Worldwide
Key people	Peter Harf (Exec Chairman) Sue Nabi (CEO)
Products	Cosmetics fragrances hair care skin care
Brands	Bourjois Clairol CoverGirl ghd Kylie Cosmetics Max Factor OPI Rimmel Sally Hansen Wella
Revenue	US$9.4 billion (2018)
Number of employees	20,000 (2018)

Coty Inc. is a big beauty company from America. It was started in 1904 by François Coty. Coty makes, sells, and gives out many beauty products. These include fragrances (perfumes), cosmetics (makeup), skin care products, nail care items, and hair care products for both home and salons. As of 2024, Coty owns about 40 different beauty brands.

About Coty: A Global Beauty Company

Coty is one of the world's largest beauty companies. It is also the biggest company for fragrances. In 2022, Coty made $5.3 billion in sales. In 2016, Coty bought 41 beauty brands from another company called Procter & Gamble. This made Coty the top company for fragrances around the world. It also became the second largest for hair color and styling products. Plus, it became the third largest for color cosmetics.

Coty has three main parts:

• Consumer Beauty: This part focuses on body care, makeup, perfumes, and hair coloring products for everyday people.
• Luxury: This part deals with fancy makeup, perfumes, and skin care products.
• Professional Beauty: This part serves people who work in beauty salons and nail salons.

Coty's goal is to "celebrate and liberate the diversity of beauty." This means they want to help everyone feel beautiful and free to express themselves.

Where Coty Works and Who Leads It

As of mid-2018, Coty had about 20,000 full-time employees. These employees work in 46 different countries. Coty's main executive offices are in London. The Consumer Beauty part is based in New York City. The Luxury part is in Paris. And the Professional Beauty part is in Geneva.

Peter Harf is the chairman of Coty. Sue Youcef Nabi became the company's new chief executive officer (CEO) in September 2020.

JAB Holding Company owns the biggest share of Coty, about 60 percent.

Coty's Brands and Products

Coty owns about 40 brands as of 2024. It also works with many other well-known brands.

Coty brought back the CoverGirl and Clairol brands in late 2017 and early 2018. This included the Nice 'n Easy hair coloring product. These relaunches focused on new messages and products. They also highlighted diversity. The company also relaunched Max Factor in 2018.

Coty's History

Early Years: 1900s–1920s

François Coty in 1926

François Coty started Coty in Paris in 1904. The first perfume, La Rose Jacqueminot, came out that same year. Its bottle was designed by Baccarat. L'Origan was launched in 1905. This perfume became very popular in Paris. It was one of the first fancy but affordable perfumes. It changed how perfumes were sold.

Coty opened its first store in Paris in 1908. Soon after, Coty worked with French glass designer René Lalique. They made special perfume bottles and labels. This started a new trend for mass-produced perfume packaging. Coty also built a "Perfume City" near Paris in the early 1910s. This place handled office work and perfume making. It was one of the first businesses to support female employees. It even offered child care.

Coty started to grow worldwide in the early 1910s. First, it expanded to London and New York. Coty's U.S. main office was at 714 Fifth Avenue in New York City. Lalique designed special glass panels for the building's windows. These were put in place in 1912. Coty stayed in this building until 1941. The building later became a landmark because of its unique windows.

Coty began selling other beauty products in the 1910s. These included face and body powders. In 1917, they launched Chypre, one of their most successful perfumes. Coty's products became more known in the United States. This happened when soldiers returned from France after World War I with gifts for their families. In the 1920s, Coty launched over fifteen new perfumes. It also expanded into Germany, Italy, Spain, and Switzerland. Coty, Inc. was officially formed in New York in 1922. It became a public company in 1925, meaning people could buy shares of it.

Mid-Century Growth: 1930s–1990s

François Coty passed away in 1934. His family kept control of the company until the 1960s.

Coty Pavilion at the 1939 New York World's Fair.

Coty's Air Spun face powder was launched in 1935. This powder is still sold today and has not changed much.

In the 1940s, Coty became a big supporter of the growing American fashion industry. They started the Coty American Fashion Critics' Awards. These awards recognized new American fashion designers. Coty stopped these awards in 1985.

Coty became important in the American lipstick market. This happened with the launch of Coty 24 in 1955. By the 1960s, Coty was a top perfume maker and seller. It was the largest perfume company in the U.S. A company called Pfizer bought Coty in 1963.

In 1991, Coty had sales of about $280 million. Pfizer sold Coty to Joh. A. Benckiser (now called JAB Holding Company) in 1992. Coty fit well with Benckiser. Benckiser had another beauty company. It also had a way to sell Coty's products around the world. Peter Harf became Coty's CEO in 1993. In 1996, Coty bought Unilever's European makeup brands, including Rimmel.

New Millennium: 2000s

In the mid-2000s, Coty focused on selling perfumes endorsed by famous people. These included David Beckham, Céline Dion, Jennifer Lopez, Mary-Kate and Ashley Olsen, Sarah Jessica Parker, and Shania Twain. Coty also added more luxury perfumes to its collection. They bought the right to make perfumes for fashion designer Marc Jacobs in 2003. The company's sales grew from $1.9 billion to $2.1 billion between 2004 and 2005.

In 2005, Coty bought more licenses for brands like Calvin Klein, Cerruti, Chloé, Lagerfeld, and Vera Wang from Unilever. These new brands, along with existing ones like Adidas, Davidoff, and JOOP!, made Coty the biggest perfume maker in the world.

Coty bought the company that owned Sally Hansen and NYC New York Color in 2007. This added these brands to Coty's collection. The company also made deals with Balenciaga in 2008 and Bottega Veneta in 2009.

Recent Years: 2010s

In 2010, Coty bought OPI Products, a company that makes nail polish. They also bought the skin care brand philosophy. The company also made a deal with Miu Miu, a brand owned by Prada.

Coty decided to become a public company in June 2012. This means they would sell shares to the public. They raised about $1 billion when they first offered shares in 2013. This was one of the largest first public offerings in the U.S. at that time. Coty bought Bourjois in 2014.

Between 2015 and 2016, Coty bought 41 beauty brands from Procter & Gamble. These included Clairol, CoverGirl, Gucci, Hugo Boss, Lacoste, Max Factor, and Wella. This deal made Coty the third largest global seller of cosmetics. Coty also bought a digital marketing company called Beamly in 2015.

The company made a deal with Tiffany & Co. in 2016. Between 2016 and 2017, Coty bought other beauty businesses. These included ghd and a large part of Younique, a digital beauty company. Younique had about 80,000 sellers when Coty bought 60 percent of it in January 2017. By December, it had over 230,000 sellers. However, Coty decided to stop working with Younique in August 2019. They sold their share back to Younique's founders.

Coty bought the rights to Burberry's makeup and perfume brands in April 2017. In July, Coty started selling the skincare brand philosophy on Tmall, a big online shopping site. They also launched other brands there.

In December 2017, a court ruled that Coty could stop a German seller from selling its products on Amazon. This means luxury brands can stop sellers from using third-party websites.

Coty created "Let's Get Ready" for the Amazon Echo Show in early 2018. This guide shows users different makeup looks and products. Users can then add these products to their online shopping carts. In February, Coty started a program to help new companies that focus on artificial intelligence.

In November 2019, Coty announced it would buy a $600 million share (51%) in Kylie Cosmetics. This company belongs to media personality Kylie Jenner. In June 2020, Coty announced it would buy a 20% share for $200 million in KKW. This company is owned by Jenner's sister, Kim Kardashian West.

On December 1, 2020, Coty sold its shares in Wella, Clairol, OPI, and ghd brands to KKR for $2.5 billion. Coty still kept a 40% share in these brands. On October 1, 2021, Coty announced it would sell about 9% more of its Wella shares to KKR for $426.5 million. This deal reduced Coty's share in these brands to about 30.6%.

Coty's Environmental and Social Efforts

Coty and its brands are working to help social causes. They also try to reduce their impact on the environment. The company has partnered with Global Citizen. This group works to fight unfair treatment based on gender, sexual orientation, disability, or ethnicity. They also promote self-expression. Coty has joined other beauty companies to start the Responsible Beauty Initiative. This group encourages sustainable practices in the beauty industry. Coty has also signed the United Nations Global Compact. This is a UN plan to encourage businesses to have sustainable and socially responsible rules.

Coty's Rankings

Coty was ranked number 371 on the Fortune 500 list in 2018. This list shows the largest U.S. companies by total sales. The company was ranked number 5 on Women's Wear Daily's 2017 "Top 100" list of the world's largest beauty makers. Its estimated sales were $9.15 billion. According to Advertising Age, Coty was one of the largest global advertisers in 2017. In 2018, Coty was ranked number 1,196 on the Forbes Global 2000. This is a list of the top 2,000 public companies worldwide. Also, Coty was ranked number 396 on Forbes's 2018 list of "America's Largest Public Companies."

See also

• Companies listed on the New York Stock Exchange (C)