Coty Inc. and Puig Beauty Announce Expansion of Distribution Partnership
NEW YORK, Dec. 8 /PRNewswire-AsiaNet/ --
Coty Beauty to Distribute Additional Puig Beauty Fragrance Brands
Coty Inc., a leader in the global beauty industry and the world's largest
fragrance company, and Puig Beauty & Fashion Group, today announced that Coty's
Coty Beauty division will distribute the Antonio Banderas fragrance lines in the
United States effective January 1, 2009.
The addition of the Antonio Banderas brand strengthens the existing
distribution partnership between Coty and Puig. Coty currently distributes a
number of prestige brands, such as Prada, Nina Ricci, Carolina Herrera and Paco
Rabanne, for Puig in the United States and Canada in selective
distribution.
"The new synergy between Coty Beauty and Puig provides a unique
opportunity to grow both our portfolios simultaneously," said Bernd Beetz, CEO,
Coty Inc. "We look forward to leveraging our leadership in the beauty industry to
foster growth of the Antonio Banderas franchise and other Puig fragrances in the
U.S. and Canadian markets."
"Working with Coty Beauty, we have developed a collaborative formula for
success," said Marc Puig, CEO, Puig Beauty & Fashion Group. "We know that Coty
is the right partner to expand our strategic initiative for our mass brands
business and anticipate another successful partnership."
About Coty Inc.
Coty was created in Paris in 1904 by Francois Coty who is credited with
founding the modern fragrance industry.
Today, Coty Inc. is the world's largest fragrance company and a recognized
leader in global beauty with annual net sales of $4 billion. Driven by an
entrepreneurial spirit, passion, innovation and creativity, Coty Inc. has
developed an unrivaled portfolio of notable brands and delivers its innovative
products to consumers in 90 markets worldwide.
The Coty Prestige brand portfolio is distributed in prestige and
ultra-prestige stores and includes Baby Phat, Calvin Klein, Cerruti, Chloe,
Chopard, Davidoff, Home Skin Lab, Jennifer Lopez, Jette Joop, Jil Sander, JOOP!,
Karl Lagerfeld, Kenneth Cole, L.A.M.B. fragrance by Gwen Stefani, Lancaster, Marc
Jacobs, Nautica, Nikos, Phat Farm, Sarah Jessica Parker, Vera
Wang, Vivienne Westwood and Wolfgang Joop.
The Coty Beauty brand portfolio is more widely distributed and includes
adidas, Aspen, Astor, Celine Dion, Chupa Chups, David and Victoria Beckham,
Desperate Housewives, Esprit, Exclamation, Halle Berry, Jovan, Kate Moss, Kylie
Minogue, La Cross, La Voce by Renee Fleming, Miss Sixty, Miss Sporty,
N.Y.C. New York Color, Pierre Cardin(1), Playboy, Rimmel, Sally Hansen, Shania
Twain, Stetson, Tim McGraw, Tonino Lamborghini and Vanilla Fields.
Coty and Puig Beauty & Fashion Group have a strategic partnership for the
distribution of the perfume lines of Nina Ricci, Carolina Herrera, Prada, Paco
Rabanne and Antonio Banderas in the United States and Canada.
For additional information about Coty Inc., please visit www.coty.com.
1. Not available in North America
About Puig Beauty & Fashion Group
Puig Beauty & Fashion Group is an international fragrance, cosmetics and
fashion company, that was founded in 1914 in Barcelona, Spain and is still family
owned.
While the greater part of Puig's operations remain in the fragrance and
cosmetic sectors, the Company's fashion division manages fashion and style
developments for Carolina Herrera, Nina Ricci and Paco Rabanne. Puig's
principal fragrance brands include Carolina Herrera, Paco Rabanne, Nina Ricci,
Prada (through a joint venture), Comme des Garcons, Adolfo Dominguez, Antonio
Banderas, Victorio & Lucchino, Agatha Ruiz de la Prada, Mango, Zara and
Massimo Dutti.
Today, the company has directly owned subsidiaries in 23 countries and a
presence in over 150 countries. In 2007 Puig reported net revenues of 954 million
euros.
SOURCE: Coty Inc.
CONTACT: Jeanette Casselano,
+1-202-828-8833,
jeanette.casselano@fleishman.com,
of Fleishman-Hillard for Coty Inc.;
Allyn Seidman,
+1-212-358-0800,
or Lauren Kless,
+1-212-358-0615,
lauren.kless@cbprusa.com,
both of Clifford|Bratskeir PR for Puig Beauty & Fashion Group
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