NEW YORK — With a potential initial public offering planned for the first half of 2013, Coty Inc. is officially in a quiet period. But the message sent by chief executive officer Michele Scannavini at the CEW Newsmaker Forum on Wednesday night was loud and clear: The aggressive corporate culture created by former ceo Bernd Beetz that helped propel the company into a $4.6 billion beauty conglomerate over a 10-year period is still very much in effect.
“Coty is about innovation,” he told the audience in his opening remarks. “We really like to look at the industry from a different angle. We are not happy with a safe bet, with banality.”
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"