Tag: Coty Inc.

– Beauty Industry Legend to Remain as OPI’s Strategic Board Advisor, Supporting Long-Standing Artistic Director Suzi Weiss-Fischmann and Newly Appointed GM Mary van Praag

NEW YORK, Nov. 21, 2013 / PRNewswire – Leading global beauty company Coty Inc. (NYSE:COTY) announced today the retirement of OPI Founder and CEO George Schaeffer. Schaeffer will continue to work with OPI’s management team through a newly created role as OPI’s strategic board advisor.

Since founding OPI in 1981, Schaeffer has built one of the beauty industry’s most iconic and successful nail care brands. With a portfolio of over 400 creatively-named unique shades, OPI has for the past three decades linked fashion and entertainment with color cosmetics. Thanks to Schaeffer’s leadership, today OPI is the leading professional nail care brand in the world.

After more than 30 years of unprecedented success leading OPI, Schaeffer, who is well known for his philanthropy, will focus on The Schaeffer Family Foundation and multiple charities that support health related causes and children’s education.

“George puts his heart into everything that he does: the OPI business, the professional nail care industry and his philanthropy,” said Michele Scannavini, CEO, Coty Inc. “I would like to thank George for his commitment over the years and wish him continued success in the future.”

“George is a visionary leader and entrepreneur,” said Renato Semerari, president, Coty Beauty. “I am very thankful for his leadership in making OPI such an iconic brand and for his help in making OPI become an integral part of the Coty family. I’m extremely pleased that he will remain involved in OPI’s future.”

“The OPI Brand is my baby, which I have loved and nurtured for many years, and will continue to do so,” said Schaeffer. “I look forward to working together with Mary and Suzi and expanding OPI’s presence worldwide.”

To move the brand forward and lead its international expansion, Coty has appointed Mary van Praag to General Manager of OPI. Van Praag will begin her new role on Jan. 1, 2014, replacing John Heffner, who has left the organization to pursue other career interests.

Van Praag had successfully led Coty’s mass channel sales organization in the U.S. for three years, after which she was promoted to her current role managing Coty’s business in Canada. She has been instrumental in turning Coty Canada’s mass channel business around as well as building and developing a stronger organization.

“Mary’s strong business acumen, category knowledge and diverse work experience will be key assets in expanding the OPI brand business internationally,” said Semerari. “She has been a star performer within the organization for many years and I’m confident that there is no candidate more qualified than Mary for this important role.”

“I’m deeply honored that Coty’s leadership has chosen me to oversee the OPI brand, especially during this crucial time in the brand’s history,” said van Praag. “I’m eager to start my new role and working with George and Suzi to propel the OPI brand towards new levels of growth.”

Van Praag is a graduate of Miami University where she earned a Bachelor of Science in Business with a major in Marketing. She also completed an Executive Management Program in General Management at Harvard Business School.

About Coty Inc.
Coty is a leading global beauty company with net revenues of $4.6 billion for the fiscal year ended June 30, 2013. Founded in Paris in 1904, Coty is a pure play beauty company with a portfolio of well-known fragrances, color cosmetics and skin & body care products sold in over 130 countries and territories. Coty’s product offerings include such global brands as adidas, Calvin Klein, Chloe, Davidoff, Marc Jacobs, OPI, philosophy, Playboy, Rimmel and Sally Hansen.

CONTACT: COTY INC.: Catherine Walsh, Senior Vice President, Corporate Communications, catherine_walsh@cotyinc.com, T : +1 212 389 7346

 – Renowned Beauty Leader to Debut Signature Scent for the Miu Miu Brand

NEW YORK, Oct. 30, 2013 / PRNewswire — Coty Inc. (NYSE: COTY) and Prada Group (HKSE: Prada, 1913) announced today the formation of an exclusive partnership to create, develop and distribute a signature line of fragrances under the Miu Miu name. Following its successful results as a luxury fashion brand, the partnership marks Miu Miu’s first entree into the world of prestige fragrances.

Created in 1993, Miu Miu – the other vision of Miuccia Prada on fashion – is a brand with a strong personality, provocative and sensual as well as free-spirited and avant-garde. During the years, Miu Miu has evolved into one of the leading high-fashion brands in the world, targeting sophisticated women, receptive to new trends and ideas and inspired to explore and experiment in their fashion choices.

Coty has a proven reputation for faithfully translating the core values of highly selective and sophisticated designer brands into successful fragrance businesses while maintaining great respect for the brands’ DNA and the utmost attention to quality.

“The agreement with Coty, an internationally recognized reference in the luxury fragrance market, marks a major step forward in Miu Miu’s development plan,” said Patrizio Bertelli, CEO, Prada Group. “I am therefore sure that, leveraging on Coty’s know-how and Miu Miu’s strong identity, this partnership will be a worldwide success of mutual satisfaction to both companies.”

“Miu Miu is one of the most refined and respected luxury houses in the world and one of the fastest growing global brands in the whole fashion industry,” said Michele Scannavini, CEO, Coty Inc. “It is an exciting opportunity for Coty to build a worldwide fragrance business for Miu Miu and also to further build our own market share in the prestige fragrance market.”

The Miu Miu fragrance line is expected to debut in 2015.

About Coty Inc.
Coty is a leading global beauty company with net revenues of $4.6 billion for the fiscal year ended June 30, 2013. Founded in Paris in 1904, Coty is a pure play beauty company with a portfolio of well-known fragrances, color cosmetics and skin & body care products sold in over 130 countries and territories. Coty’s product offerings include such global brands as Balenciaga, Bottega Veneta, Calvin Klein, Chloe and Marc Jacobs.

For additional information about Coty Inc., please visit www.coty.com.

About Miu Miu
The Miu Miu brand, created in 1993, embodies style and sensuality. It is sophisticated yet nonchalant. The Miu Miu style has a strong identity, is creative and possesses an independent spirit. Miu Miu is part of the Prada Group, one of the world leaders in the luxury goods sector where it operates also with the Prada, Church’s and Car Shoe brands in the design, production and distribution of luxury handbags, leather goods, footwear, apparel and accessories. Its products are sold in 70 countries worldwide through a network that included 491 directly operated stores (DOS) as of July 31, 2013, and a select network of luxury department stores, independent retailers and franchise stores.