Company Overview
| Company Name |
COTY INC / |
| Company Address |
2 PARK AVENUE
NEW YORK, NY 10016 |
| Company Phone |
212-479-4300 |
| Company Website |
www.coty.com |
| CEO |
Michele Scannavini |
| Employees (as of 5/14/2013) |
10000 |
| State of Inc |
-- |
| Fiscal Year End |
6/30 |
| Status |
Filed (6/29/2012) |
| Proposed Symbol |
COTY |
| Exchange |
New York Stock Exchange |
| Share Price |
-- |
| Shares Offered |
-- |
| Offer Amount |
$700,000,000.00 |
| Total Expenses |
-- |
| Shares Over Alloted |
-- |
| Shareholder Shares Offered |
-- |
| Shares Outstanding |
-- |
| Lockup Period (days) |
180 |
| Lockup Expiration |
-- |
| Quiet Period Expiration |
-- |
| CIK |
0001024305 |
The selling stockholders are selling all the shares of Class A common stock
being sold in this offering, including any shares sold upon exercise of the
underwriters’ option to purchase additional shares. Accordingly, we will not
receive any proceeds from the sale of shares of our common stock by the
selling stockholders in this offering.
We compete against a number of manufacturers and marketers of fragrances,
color cosmetics and personal care products. Our principal global competitors
include L’Oréal S.A., Avon Products, Inc., Beiersdorf AG, The Estée Lauder
Companies Inc., Elizabeth Arden, Inc., Interparfums, Inc., Kosé Corporation,
Revlon Consumer Products Corporation and Shiseido Co., Ltd. and the beauty
divisions of Unilever, LVMH Moët Hennessy Louis Vuitton and The Procter &
Gamble Company. In addition to the established multinational brands against
which we compete, small targeted niche brands continue to enter the market.
Competition is also increasing from private label products sold by apparel
retailers and mass distribution channel discounters.
We believe that we compete primarily on the basis of perceived value, including
pricing and innovation, service to the consumer, promotional activities,
advertising, special events, new product introductions, e-commerce and mobile-
commerce initiatives, direct sales and other activities. It is difficult for
us to predict the timing and scale of our competitors’ actions in these areas.
In particular, the fragrances segment in the United States has in the past
been influenced by the high volume of new product introductions by diverse
companies across several different distribution channels.
Refining product portfolios with more enhanced, newer and redesigned products
has become a priority as competitors have emerged from the most recent
economic decline looking to respond to changing consumer needs. Increased
focus on research and development has led to several product enhancements,
especially those related to the anti-aging products targeted at the baby
boomers. Additionally, the industry’s introduction of organic and eco-friendly
products has resonated with its increasingly environmentally aware customer
base.
Company Description
We are a new emerging leader in beauty. Founded in Paris in 1904, Coty is a
pure play beauty company with a portfolio of well-known brands that compete
in the three segments in which we operate: Fragrances, Color Cosmetics and
Skin & Body Care. We hold the #2 global position in fragrances, the
#6 global
position in color cosmetics and have a strong regional presence in skin & body
care. Our top 10 brands, which we refer to as our “power brands”, generated
approximately 70% of our net revenues in fiscal 2012 and comprise the
following globally recognized brands: adidas, Calvin Klein, Chloé, Davidoff,
Marc Jacobs, OPI, philosophy, Playboy, Rimmel and Sally Hansen. Our brands
compete in all key distribution channels across both prestige and mass markets
and in over 130 countries and territories.
Coty has transformed itself into a multi-segment beauty company with market
leading positions in both North America and Europe through new product
offerings, diversified sales channels and its global growth strategy. Our
entrepreneurial culture, driven by our “Faster. Further. Freer.” credo, has
enabled us to gain market share in the beauty industry and provided us with
the agility to deliver superior innovation, brand building and execution. Our
strong organic growth has been complemented and enabled by strategic
acquisitions, such as the Calvin Klein fragrance business and Sally Hansen
brand, and which recently include power brands OPI and philosophy. Today,
our business has a diversified revenue base that generated net revenues for
fiscal 2012 of 53%, 31% and 16% from Fragrances, Color Cosmetics and Skin &
Body Care, respectively.
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We were incorporated in Delaware in 1995. Our principal executive offices are
located at 2 Park Avenue, New York, New York 10016 and our telephone number
at this address is (212) 479-4300. Our website is www.coty.com.