P&G Specialty Beauty Brands Transfer to Coty Finalized

The transfer of P&G Specialty Beauty Brands to Coty is now complete, making Coty the third-largest beauty company in the world with approximately $9 billion in revenue. As a combined company, Coty will now also hold the No.1 position in fragrances, and the No.2 and No.3 positions in salon hair and color cosmetics, respectively.

COTY Announces New Organizational Structure, Future Executive Team

COTY has announced a new organizational structure and the future leadership team for the company, both of which will become effective when its merger with the Procter & Gamble Specialty Beauty Business (including fine fragrance, color cosmetics, salon professional and hair color and styling businesses) is complete—which is expected in the second half of 2016.