Coty Inc.
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About
Coty Inc. is a global beauty company manufacturing, marketing, and distributing fragrances, cosmetics, and skin and body care products. The company operates through Prestige (luxury fragrances and cosmetics) and Consumer Beauty (mass market fragrances, cosmetics, and body care) segments. Coty owns and licenses brands including CoverGirl, Rimmel, Max Factor, Clairol, OPI, Sally Hansen, Gucci, Hugo Boss, Calvin Klein, Marc Jacobs, and many others. The company serves retailers, distributors, and consumers worldwide through diverse channels including department stores, specialty retailers, mass market retailers, e-commerce, and travel retail. Founded in 1904 and headquartered in New York City, Coty has undergone significant transformation including the acquisition of beauty businesses from Procter & Gamble and subsequent restructuring efforts. The company has faced operational challenges, profitability pressures, debt burdens, and brand portfolio management difficulties. Coty benefits from strong brand portfolio, global distribution, and fragrance market leadership. The company continues to work on operational improvements, brand building, portfolio optimization, debt reduction, and digital transformation to restore profitability and growth.