BOP News - Blog on Perfume News » Coty http://www.bopnews.org Blog about Perfume News Thu, 08 Oct 2009 10:02:56 +0000 http://wordpress.org/?v=2.8 en hourly 1 Perfume Makers Coty Looking for Acquisitions for Business Expansion http://www.bopnews.org/perfume-makers-coty-looking-for-acquisitions-for-business-expansion/ http://www.bopnews.org/perfume-makers-coty-looking-for-acquisitions-for-business-expansion/#comments Mon, 21 Jul 2008 10:00:44 +0000 The Big Bopper http://www.bopnews.org/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

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