Coty Inc is a French-American multinational beauty company founded in 1904 by Francois Coty.
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24 Facts About Coty Inc
2.
Coty Inc is one of the world's largest beauty companies and the largest fragrance company, with over $9 billion in revenue for the fiscal year ending in June 2018.
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3.
Coty Inc operates three divisions: Consumer Beauty, which focuses on body care, color cosmetics, fragrances, and hair coloring and styling products; Luxury, for luxury cosmetic, fragrance, and skin care products; and Professional Beauty, which services beauty salon and nail salon professionals.
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4.
Coty Inc's mission is to "celebrate and liberate the diversity of beauty".
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5.
Coty Inc's products gained more attention in the United States as World War I soldiers started returning from France with gifts for loved ones.
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6.
Coty, Inc was formed in New York in 1922, and became a publicly-traded company in 1925.
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7.
Francois Coty Inc died in 1934; his family maintained control of the company and served as board members until the 1960s.
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8.
Coty Inc became a key player in the American lipstick market with the launch of Coty Inc 24 in 1955.
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9.
Coty Inc was a strategic fit for Benckiser, which had another beauty subsidiary, as well as an international distribution network through which it could market Coty Inc's products.
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11.
Coty Inc entered into license agreements with Balenciaga in 2008 and Bottega Veneta in 2009.
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12.
In 2010, Coty Inc purchased nail polish maker OPI Products, as well as the skin care brand philosophy from The Carlyle Group.
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13.
Coty Inc entered into a license agreement with Miu Miu, a subsidiary of Prada.
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14.
Coty Inc filed to go public in June 2012, and raised approximately $1 billion during its initial public offering one year later.
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15.
Coty Inc acquired the digital marketing technology agency Beamly in 2015.
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16.
Coty Inc acquired licenses to Burberry's cosmetics and fragrance brands in April 2017.
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17.
In December 2017, the Court of Justice of the European Union's European Court of Justice ruled that Coty Inc did not violate competition laws by forbidding German distributor Parfumerie Akzente from selling products via Amazon, and that luxury brands are allowed to prohibit distributors from selling through third-party platforms.
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18.
Previously, according to the United States House Committee on the Judiciary, Coty supported the Stop Online Piracy Act, a bill introduced to expand the ability of U S law enforcement to combat copyright infringement and counterfeit goods trafficking, in late 2011.
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19.
Coty Inc developed "Let's Get Ready" for the Amazon Echo Show, part of the Amazon Echo line of products and designed around Amazon's virtual assistant, Alexa.
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20.
In November 2019, Coty Inc announced to purchase a $600 million stake in Kylie Cosmetics, the company of media personality and model Kylie Jenner.
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21.
Coty Inc has joined other beauty companies to launch the Responsible Beauty Initiative to encourage sustainability within the industry.
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22.
Coty Inc has signed the United Nations Global Compact, a UN initiative to encourage businesses to adopt sustainable and socially responsible policies.
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23.
Coty Inc ranked number 5 on Women's Wear Daily 2017 "Top 100" list of the world's largest beauty manufacturers, estimating $9.
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24.
Additionally, Coty Inc ranked number 396 on Forbes 2018 list of "America's Largest Public Companies".
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