Coty Inc. has begun to implement a massive reorganization aimed at transforming the global beauty player by reinforcing its growth track and strengthening its leadership capability.
The company, which has 10,000 employees, is in the process of dramatically changing from a business model consisting of two separate end-to-end divisions — based on the distribution channels of mass and prestige — to a more integrated and holistic alignment focusing on product categories and geographic regions, while maintaining the prestige and mass differentiation in brand building and product development. “This will be a simpler organization,” said Michele Scannavini, chief executive officer of Coty Inc., adding that the new structure will be “more rational, more integrated, more efficient and will eliminate redundancy.”
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)