Coty (JAB Holdind): The latest figures, news and market research on Coty (JAB Holdind)

Turnover: 5 billion USD (2023)

Country: United States

Founded in 1904 in France by François Coty, the company is present in over 45 countries.
The main products marketed by Coty are perfumes, cosmetics, face and body care products and make-up (Rimmel, Bourjois)
Coty is one of the world leaders in fragrances, second in hair coloring and third in color cosmetics.

Coty operates fragrances for a large number of brands, including Adidas, Bourjois, Burbury, Calvin Klein, Chloe, Davidoff, Gucci, Hugo Boss, Lacoste, Max Factor, Nautica, and many other make-up and cosmetics brands.

In France, the group is divided into two entities:

Coty Prestige, which operates the major perfume brands
Coty France, which distributes make-up products to mass retailers

News

Coty withstands the shock of inflation 25/08/2023

Coty annual sales growth for 2022-2023: 12%
Coty sales for 2022-2023: 5.55 billion euros
Percentage of Coty sales generated outside the United States: over 50%.
Duration of Coty's partnership with Marc Jacobs Beauty: fifteen years.

Cosmetics: Coty announces its comeback 06/07/2023

Coty is valued at over 10 billion euros.
It is Europe's number two perfume company.
Coty raises its sales growth forecast for 2023 to between +10% and +11%.
In 2022, the group generated sales of 5.3 billion euros in 125 countries.
The beauty market generated nearly 430 billion in revenues in 2022, with the high-end category expected to grow by 8% between now and 2027.
Coty holds a portfolio of fragrance brands, including licenses for several Kering Group fragrances, including Gucci; as well as Chloé, Marc Jacobs, Calvin Klein, Burberry, Hugo Boss...
It also includes skincare (Lancaster) and make-up (Bourjois) brands.
The "Prestige" category dominates at Coty, and is expected to account for 63% of sales (perfumes and cosmetics).

Make-up: Coty reduces the environmental footprint of its products 23/12/2021

Coty (Rimmel, Bourjois) works on more natural formulas and eco-designed packaging
Bourjois and Rimmel will be the first Coty France brands to adopt this eco-design initiative.

Coty launches connected contactless testers 15/07/2021

Coty partners with Êverie to develop a contactless perfume tester.
Êverie: French start-up specializing in smart devices and diffusion and microdosing technologies.
A contactless fragrance tester that works for weeks without recharging the battery, and helps reduce fragrance loss by delivering less fragrance than a spray.

Beauty: "Coty has a real reservoir of growth" 08/11/2020

Coty is the world leader in fragrances.
Coty doubled the penetration of its digital business in one year, reaching 13% of sales.
Priorities for building the new Coty:
- Remain the world leader in fragrance and a major player in make-up.
- Develop skincare by drawing on their expertise and patents.
- Accelerate on digital with the support of influential partners such as Kylie Jenner and Kim Kardashian West.
- Meet the demand for organic and natural products and adapt to the "clean" and "vegan" trend.
- Develop existing licenses in different market segments.
Coty's luxury division leads the US market, which is the largest in the world.
40% growth in make-up and skincare sales in China with Lancaster and Gucci.
Savings plan to save $200 million in each fiscal year until 2023

Coty back on track 06/11/2020

First-quarter sales: -13% at constant exchange rates, to $1.7 billion (compared with -53% in the fourth quarter)
First-quarter net income: $200 million (versus $52 million for the same period last year)
Cost-cutting plan: savings of $80 million over the period
Sales decline in Europe: -24% (versus -67% in the previous quarter)
Decline in US sales : -4.5% (vs. -51.5% in Q4)
Sales decline in Asia: -36.6%
Improvement in mass-market sales: decline limited to 10% (versus -48% in the previous quarter)
Luxury goods sales down 25% (versus a 73% fall in the previous quarter)
Reduction in net debt thanks to sale of 60% of Wella: from $8 billion to $5 billion

Coty: 20% of Kim Kardashian's cosmetics 01/07/2020

2019: Purchase of a majority stake in Kelly Jenner's cosmetics company
Coty pays 200 million euros for 20% of KKW Beauty Kim Kardashian West

Coty takes a new turn 10/06/2020

Coty sales for the 2019 off-year (to June 30) of US$8.5 billion, down 8% (-3.5% organic)
Coty paid 600 million euros in November 2019 to acquire 51% of Kylie Cosmetics.

Coty wants to leave the hairdressing business to relaunch itself 08/11/2019

- Coty's professional hairdressing division accounts for 20% of its sales.
- This division represents 21% of Coty's sales, or $1.8 billion in annual revenues.
- This division ranks second worldwide in the professional haircare market.
- Coty hopes to make between $8 and $9 billion from the sale of this division.
- Since going public in 2015, Coty's share price has fallen by nearly 60%
- The Reimann family increased its stake in Coty from 40% to 60% in 2018, injecting $1.75 billion to support the company.
- In 2018/2019, Coty posted a net loss of $3.7 billion on sales of $8.6 billion, down 8% (-3.5% at constant exchange rates).
- Coty's objective is for sales to pick up again in 2023 with a "more solid operating margin of between 14% and 16%".

Beauty: the Reimann family wants to regain control of Coty 12/02/2019

JAB is ready to invest 1.55 billion euros to increase its stake in Coty to 60%.
The Reimann family, which owns JAB, was Coty's largest shareholder with 81.9% of the capital before its IPO in 2013.
The Coty group bought Procter & Gamble's beauty division for $12 billion in 2016.
In three years, Coty's share price has fallen by 68%.

Coty turns Amazon's Echo Show into a beauty coach 24/01/2018

"Let's Get Ready" - the app developed by Coty
Several make-up brands in the Coty portfolio recommended by the app (Bourjois, Rimmel, Sally Hansen, Max factor)

In 2016, the company acquired 41 personal care brands from Procter &Gamble for $15 billion.

The group's sales are expected to reach €8.6 billion in 2019, and it employs around 20,000 people (Source: Coty)