Perfume Makers Coty Looking for Acquisitions for Business Expansion
The maker of Calvin Klein and Davidoff scents, Coty is seeking acquisitions to expand their business. They are aiming at an increase of annual sales from $3.3 billion in 2007 to $5 billion in 2010.
The company had already acquired the fragrance arm of the consumer goods giant Unilever for a minimum cash sum of $800 million. Perfume division of Coty generated 82 percent of Coty’s revenue last year, while the make-up accounted for 15 percent and skincare products generated the remaining 3 percent.
Coty also makes Lancaster cosmetics and Rimmel make-up and they are one of the several parties interested in buying French cosmetics company Clarins, along with L’Oreal, Estee Lauder and Procter & Gamble.
Source: Forbes
written by The Big Bopper •
Permalink •
Leave a Comment »
Tags: Business, Coty, Expansion, Takeover
pligg.com says:
BOP News – Blog on Perfume News » Blog Archive » Perfume Makers Coty Looking for Acquisitions for Business Expansion
Perfume makers Coty looking for acquisitions to expand their business, aiming at an increase of annual sales from $3.3 billion in 2007 to $5 billion in 2010.
Tuesday, 22 July 2008 @ 6:57am