Coty

Coty is an American multinational beauty company founded by François Coty. 

Coty acquired 41 beauty brands from Procter & Gamble in 2016, becoming the global leader in fragrance, the second largest company for hair color and styling products, and the third largest company for color cosmetics.

• Founded    1904; Paris, France
• Founder    François Coty
• Headquarters    New York, NY
• CEO: Sue Youcef Nabi (She was the CEO of L’Oréal Paris at 37 years old.)
• Largest shareholder: JAB Holding Company (60 percent stake); acquired from Pfizer in 1992
• (Previous owner, Pfizer, the pharmaceutical giant, had acquired Coty about three decades ago from François Coty’s former wife and her husband, according to the 2009 book “François Coty: Fragrance, Power, Money,” by Roulhac B. Toledano and Elizabeth Z. Coty.)
• https://www.coty.com/

After acquiring many brands from Procter & Gamble, Coty now owns numerous big name products, including OPI, Rimmel, Covergirl, and is behind celebrity toiletries like Katy Perry, David Beckham, and Beyoncé, among others.   

Bourjois • Clairol • CoverGirl • Max Factor • OPI • Rimmel • Sally Hansen • Wella

The portfolio is split into three categories: Coty Luxury, Coty Consumer Beauty and Coty Professional Beauty.

 

Youcef Sue Nabi and Alber Elbaz, an Israeli fashion designer and Lanvin Creative Director attend the Lanvin Spring / Summer 2013 show as part of Paris Fashion Week at Ecole nationale superieure des beaux-arts on September 27, 2012
Alber Elbaz died in April 2021, aged 59,  after a battle with Covid-19.

Philosophy

Coty bought Philosophy in 2010 from Carlyle Group for a reported $1 billion. Philosophy makes skin care and other beauty products as well as fragrances. It was founded in 1996 by Cristina Carlino.

 

Cristina Carlino (born in 1961) founded Philosophy in 1996; she subsequently became an ubiqitous face on TV home-shopping network QVC before selling the business to private equity juggernaut Carlyle Group in 2007 for $475 million, though she retained a “significant equity holding” in the firm. Since then, Philosophy has been resold for $1 billion to cosmetics juggernaut Coty Inc., best-known for buying out 51% of Kylie Jenner’s brand in 2019. For her part, Carlino has since become an angel investor, doling out significant venture funding to startups like Paper Cosmetics.

These companies control almost every single beauty product you buy

As consumers, we like to think that we're making a conscious decision when we buy from a certain brand, especially when it comes to something as personal as beauty products.

But it turns out that 182 beauty companies fall under the massive umbrellas of  seven mega-companies — Estée Lauder Companies, L'Oréal, Unilever, Procter and Gamble, Shiseido, Johnson and Johnson, and Coty.

 

Coty names new CEO of Kylie Jenner beauty business

Coty has named Andrew Stanleick as the new CEO of its Kylie Jenner beauty business.

Stanleick, who is based in New York City, is a beauty and luxury goods veteran with over 20 years of experience. He joined Coty in 2017 after nearly five years at US luxury brand Coach, where he served as president and CEO for Coach Europe.

He will also manage Kim Kardashian West’s business for Coty, with a focus for both brands on “driving global expansion and entry into new beauty categories”.

He will assume his new global responsibilities in addition to his current role as Coty executive vice president of the Americas.

 

Kris Jenner, who held the role of interim CEO, will remain closely involved in the strategic partnerships between Kylie Cosmetics and Kylie Skin, KKW Beauty and Coty as a board member. 

Stanleick joined Coty in September 2017, after nearly five years at U.S. luxury brand COACH and more than a decade at L'Oreal earlier. He will assume his new responsibilities in addition to his current role, Coty said.

Last year, Coty bought 20% stake in Kardashian West's makeup brand KKW.

Rimmel

Rimmel (commonly known as Rimmel London) is a British cosmetics brand, now owned by Coty, Inc.

• Founded    1834
• Founder    Eugène Rimmel
• Headquarters    London, England
• Parent    Coty, Inc.
• Website    rimmellondon.com