By  on November 11, 2011

The music of American pianist Keith Jarrett tinkling in the background adds a lively ambience to the bright Paris office of Coty executive Michele Scannavini. “I listen a lot to music—any kind of music,” he says. Scannavini’s other interests cut a wide swath. He also has a soft spot for Vespas, for instance, on which he likes to tool around Paris. But Scannavini is probably best known for his steely business acumen, which has helped transform Coty Inc. into a major fragrance player. As president of Coty Prestige, the executive has under his purview an eclectic array of brands, including Balenciaga, Bottega Veneta, Calvin Klein, Jennifer Lopez, Karl Lagerfeld and Marc Jacobs. It’s a portfolio that continues expanding. Late last year, the division snapped up the Philosophy skin care brand and the Calvin Klein makeup license. In its fiscal year ended June 30, 2010, Coty Prestige generated 51 percent of Coty’s total sales of $3.6 billion.

 

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