Coty completes merger with P&G beauty business

On 3th Oct,2016, Coty announced that it has completed the merger with P&G’s fine fragrance, color cosmetics, salon professional and hair color and select styling businesses in a deal that makes the American manufacturer the third-largest beauty company in the world.

As a combined company with approximately $9 billion in revenue, Coty will also hold the number one position in fragrances, number  two positions in salon hair and number three positions in color cosmetics.

Well-known brands such as Max Factor, Covergirl and Wella, as well as P&G fragrance licenses also including the deal. Now Coty will be organized into three divisions: Coty Consumer Beauty, Coty Luxury and Coty Professional Beauty.

Coty Consumer Beauty is focused on color cosmetics, retail hair coloring and styling products, body care and mass fragrances.

Coty Luxury is focused on expanding Coty’s leadership position in prestige fragrances and skincare in the Luxury Beauty market

Coty Professional Beauty is focused on servicing salon owners and professionals in both hair and nail care, covering all key salon segments and salon client needs.

Just like CEO of Coty, Camillo Pane said, With this merger, Cony  have brought together a powerful portfolio of much good beauty brands and some of the world’s most talented people in beauty and consumer goods, and aim to become a global beauty industry leader.

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COTY AGREES TO ACQUIRE GHD  THE WORLD’S PREMIUM HAIR STRAIGHTENERS & APPLIANCES COMPANY
Coty is one of the world’s largest beauty companies with a liberate the diversity of consumers’ beauty and has an iconic portfolio of more than 77 brands across fragrances, color cosmetics, hair care, body care and skin care.

On October 17th, 2016 – Coty  announced that it has reached a definitive agreement to acquire ghd (“GOOD HAIR DAY”), a premium brand in high-end hairstyling appliances for about  ₤420 million (ca.USD$510 million) in cash. 

About Coty Inc.

Coty is the global leader in fragrance, a strong number two in professional salon hair color & styling, and number three in color cosmetics and  operates three divisions – Coty Consumer Beauty, Coty Luxury and Coty Professional Beauty.

About GHD 

 GHD, which stands for “Good Hair Day,” Based in the UK, the company has international operations in Europe, Australia, South Africa, and the USA.

GHD products represent the top of the range in its category, attracting strong loyalty with both professionals and consumers.

GHD’s that  the market-leading and high-performance lines of hair straighteners, hairdryers, curlers and other hairstyling appliances, and expected to further strengthen Coty’s worldwide leading position in the professional hair category. 

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