This article was originally published in The Rose Sheet
Executive SummaryNet sales advanced 23 percent to a record $4 billion for the fiscal year ended June 30, 2008, the beauty company announces Sept. 12. The marketer of fragrance brands including Calvin Klein and Marc Jacobs attributed the success to its "talent in identifying and interpreting the latest consumer trends." The Coty Prestige division achieved revenues of $2.1 billion for the year, representing growth of 16 percent, with a strong global performance of the Daisy Marc Jacobs scent and sales of fragrances under the Chloe, Vera Wang and Davidoff brands, among others. The Coty Beauty business experienced sales growth of 33 percent to $1.9 billion, driven primarily by new launches including Kate by Kate Moss, as well as the purchase of Del Labs late last year (1"The Rose Sheet" Dec. 17, 2007, p. 5). In the coming year, Coty will focus its business on creating a "sizeable" skin care business, leveraging global scale and investing in organizational capabilities
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