The initiatives build on the actions taken by the global beauty firm over the past year, which have accelerated its move towards sustainable and profitable growth, with greater cost controls and a more competitive market position.
Coty Inc. is indeed putting a renewed emphasis on its beauty business as the company on Monday agreed to buy a 20 percent stake in Kim Kardashian West’s make-up brand, KKW, for an estimated $200 million.
Artificial intelligence and data-driven algorithms are heralding a new era for the fragrance industry, which is being transformed by machine learning. CEW’s Beauty News presents the newest ways that AI-powered technology is reshaping the world of perfumery.
With more than $400 million in sales, the Coty-owned company has been valuated at $1 billion. Its secret to success? Virtual beauty parties that sell personalized products paired with a variety of customized boosters.
Pierre Laubies, Coty’s CEO, will lead the Consumer Beauty division. Additionally, a series of executive leadership changes have been made to support the company’s ongoing transformation and future growth.
Cosmetic Executive Women, Inc. (CEW) is a nonprofit, professional organization with more than 10,500+ members globally, both men and women, from over 3,500 companies in the beauty and retail industries.
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