Coty Inc. announced that it has completed the merger of The Procter & Gamble Company’s fine fragrance, color cosmetics, salon professional and hair color and certain styling businesses (“P&G Specialty Beauty Business”) into Coty. Coty is now the third-largest beauty company in the world, with approximately $9 billion in revenue. As a combined company, Coty will also hold the number one position in fragrances, and number two and three positions in salon hair and color cosmetics, respectively.
Professionals across the Globe are excited with the merger of a wide range of salon professional products, as Coty is a leader in cosmetics and has a resilient collection under their banner. Merger Transforms Coty into One of the World’s Leading Beauty Companies with a Mission to be a Challenger in the Beauty Industry.
BNI is glad to feature none other than the General Manager of Coty Professional in India under its popular column Dossier this week.
Hari has a strong 35+ years of experience with P&G across India and South East Asia and he gave his quick feedback on the desired queries from the industry.
Coty Incis the 3rd largest beauty company globally with 3 business verticals namely a) Coty Professional beauty serving via Salons 2) Coty Consumer Beauty 3) Coty Luxury serving high-end Fragrance. The merger of the business has been a perfect fit and is on track as we expected. Coty will now have a strong portfolio to win with all the consumers globally.
What has been your experience with the Industry so far?
The experience with the salon industry has been amazing to say the least . It has been a strong learning ground to see the role of hairdresser in the entire value chain. The industry continues to grow in India and will accelerate in time to come with more consumer going to salons to avail professional services.
Your view onthe Professional Color cosmetics in India
With higher disposable income , more and more women joining working force, influencer leading the penetration of products , the professional color segment will grow strongly in India . The penetration currently in single digits should move to strong double digits Very soon .
Wella would like to serve all consumers needs in India by getting the globally best and consumer meaningful innovation/products to India. India will become the 4th biggest beauty market by 2025 and Wella will like to play an important role in shaping the same.
Your Marketing Strategy for the retail line of products.
We will continue to provide consumer relevant products which will attract the TA.
Your future plans
The future plan will continue to focus on elevating the industry by building stylist capability and providing consumer meaningful proposition for Indian consumers.
Coty is organized into three divisions: Coty Consumer Beauty, Coty Luxury and Coty Professional Beauty, each focused on their respective categories and channels, with a lean structure that enables faster decision making, focused investments and better communication with customers and consumers.
Coty Consumer Beauty is focused on color cosmetics, retail hair coloring and styling products, body care and mass fragrances, with the intent of providing consumers with innovative products primarily in the mass retail channel. Its iconic brand portfolio includes Adidas, Bourjois, Clairol, COVERGIRL, David Beckham, Katy Perry, Max Factor, Rimmel, Sally Hansen and Wella.
Coty Luxury is focused on expanding Coty’s leadership position in prestige fragrances and emerging position in skincare, in the Luxury Beauty market across all regions and luxury channels, including travel retail. Its fragrances include such well-known brands as Marc Jacobs, Calvin Klein, Chloé, Gucci, Hugo Boss, Balenciaga, BottegaVeneta, Alexander McQueen, Davidoff and MiuMiu, amongst others, and skincare brands include Lancaster and philosophy.
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. The professional-focused brands include Clairol Professional, Nioxin, OPI, Sebastian Professional, System Professional and Wella Professionals.