The New York-based cosmetics giant announced on Monday that the special committee formed to evaluate the tender offer made by JAB Holding in February has recommended that the deal be allowed to proceed.
Beauty products maker Coty Inc missed revenue estimates for the second consecutive quarter on Wednesday, as hurricane Florence in the United States disrupted supplies of its luxury products to retailers.
Working in collaboration with international anti-cyberbullying non-profit The Cybersmile Foundation, global beauty company Coty announced it will use its Rimmel brand to launch an initiative to fight cyberbullying.
Coty has named Esra Erkal-Paler as chief global corporate affairs officer and executive committee member, a newly-created position in which she will lead communications strategy and responsible growth.
The British cosmetics brand has tapped Indie184 as its new Chief Artistic Officer in a bid to improve its US positioning. The NY artist will help Rimmel tell a story of self expression through a street style campaign.