PRIVATELY HELD COTY, REPORTING FISCAL RESULTS FOR the first time, said Friday that net sales for the year ended June 30 gained 23 percent over the prior year, hitting $4 billion in the period.
By division, net sales of Coty Prestige increased 16 percent to $2.1 billion from the prior year, boosted by growth in existing markets and emerging markets, including the Middle East, Russia, China and Southeast Asia, as well as by a number of scents, such as Daisy Marc Jacobs, which earned a FiFi Award in May.
On the mass side, net sales of Coty Beauty surged 33 percent to $1.9 billion from the prior year, backed by a spate of new launches, including Kate by Kate Moss, Kylie Minogue Sweet Darling and David Beckham Intimately Night.
During the year, Coty acquired Del Laboratories Inc., best known in the beauty business for its Sally Hansen brand, in a move to deepen its color cosmetics and nail care offering. The Del buy also added N.Y.C. New York Color and La Cross to the Coty brand portfolio.
By region, the company said it generates 54 percent of its business from Western Europe and 32 percent of sales from the U.S.
“By investing in and growing our existing brands and alternatively through strategic acquisitions, Coty will continue to achieve and exceed its goals, strengthening the company’s presence as a global beauty leader,” stated Bernd Beetz, the firm’s chief executive officer.
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