With the appointment of Jean Mortier as president of Coty Prestige, the parent company took another major step Wednesday in bolstering its bench strength in preparation for a planned initial public offering, which reportedly has been rescheduled for next spring.
Mortier succeeds Michele Scannavini, who was named chief executive officer in late July when former ceo Bernd Beetz disclosed that he was passing the torch to his “right arm.” Although Beetz, one of the leaders of the global fragrance industry, stepped down, he remains on the Coty board as non-executive director, owning 6.2 million shares, or 1.6 percent of the company. This is a critical time for Coty, as it recovers momentum from its failed attempt to acquire Avon Products Inc. and builds steam for its expected $700 million IPO next year.
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)