×
167
Fashion Jobs
WHITEHAT JR
Sales Manager India
Permanent · Faridabad
VIJAYA ENGINEERING WORKS
Production Manager
Permanent · Hosur
REFLECTOSAFE
Area Sales Manager - Delhi
Permanent · National Capital Region
R AND R SALONS PRIVATE LIMITED
Requirement of Area Manager
Permanent · Bengaluru
REFLECTOSAFE
Area Sales Manager - Chennai
Permanent · Chennai
AQUAGENICS RESEARCH & DEVELOPMENT INDIA PVT. LTD.
Area Sales Manager
Permanent · Pune
MUTHOOT FINCORP
Area Manager
Permanent · Tiruchirappalli
INFINIX
National Sales Manager
Permanent · MUMBAI
1MG
Sales Manager - Diagnostics
Permanent · National Capital Region
DODLA DAIRY LIMITED
Area Sales Manager -Salem
Permanent · Salem
HALONIX TECHNOLOGIES PVT LTD
Area Sales Manager - Fans & Lighting / Retail Sales
Permanent · Ludhiana
BASIC ENTERPRISES PVT LTD
Area Sales Manager
Permanent · Mumbai
CROSS COUNTRY INFOTECH
Production Manager
Permanent · Jodhpur
PROPERTYXPO.COM
Area Sales Manager| Real Estate Portfolio Management | Gurgaon
Permanent · Gurugram
RELIABLE CLOTHING PVT. LTD
Production Manager - Garment Manufacturing Export House
Permanent · Mumbai
HUMAN TOUCH
Sales Manager - Mumbai
Permanent · Mumbai
KAZO FASHION PRIVATE LIMITED
Garment Technician
Permanent · Noida
UMANO HEALTHCARE PRIVATE LIMITED
Regional Sales Manager / Area Sales Manager- (Pharma Sales) mp
Permanent · Bhopal
OLIVE GREEN CONSULTING LLP
Urgently Looking For Production Manager - Gurgaon
Permanent · Gurugram
MONEYWISE FINANCIAL SERVICES
Area Sales Manager || Nbfc (Lap / bl) - Delhi
Permanent · National Capital Region
MAGICBRICKS
Area Sales Manager
Permanent · Thane
KENT RO SYSTEMS
Corporate Sales Manager
Permanent · Chennai
Translated by
Nicola Mira
Published
Sep 25, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Coty may be about to streamline its brand portfolio

Translated by
Nicola Mira
Published
Sep 25, 2017

According to Women’s Wear Daily, Coty may be about to divest itself of ten of its fragrance licences and brands, including David Beckham, Beyoncé, Katy Perry and Guess. Last April, the US cosmetics group sold the Jennifer Lopez fragrance licence to the Designer Parfums group, where it joined the Naomi Campbell and Ariana Grande licences. 


Coty may sell off ten of its fragrance brands - Coty


The Coty group's media department stated it would not "comment on the rumours and speculations." However, last August, when Coty published the results of its 2017 fiscal year, CFO Patrice de Talhouët indicated that the group, in the context of a rationalisation of its portfolio, was considering the sale or discontinuation of a series of brands which altogether accounted for between 6% and 8% of its net revenue. The operation, he added, would likely take place in the course of the 2018 fiscal year, though no specific brand was mentioned.  
 
It is a fact that, in the last few years, celebrity fragrances have enjoyed sub-par performances. For example, according to the NPD group, celebrity fragrance sales in the USA fell by 66% between 2011 and 2014.  

In the latest fiscal year, closed on 30th June, Coty reported a revenue of $7.650 billion (€6.5 billion), equivalent to an exceptional 76% rise. This exponential leap is due to the addition to Coty's portfolio of 41 brands from the Procter & Gamble group, and to the purchase of GHD and Younique. However, the group recorded a net loss of $437.8 million, compared to a $254.2 million profit a year earlier. This was notably due to rising costs linked to the group's restructuring and acquisitions.  

 

Copyright © 2022 FashionNetwork.com All rights reserved.