Revlon Alum Returns As CMO; Coty Consumer Beauty Appointments; Cosmetics Leadership News
Executive Summary
Coty appoints new senior talent in its strategically prioritized Consumer Beauty division, while embattled Revlon brings back Martine Williamson to lead its global brand development activities. More news in brief.
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CoverGirl Brings Back ‘Blue Skies And Fresh Air,’ Niki Taylor As Turnaround Work Continues
During Coty’s recent strategic update webcast, CEO Sue Nabi discussed what went wrong at CoverGirl in recent years and how the brand is reembracing its heritage to deliver “clean beauty to all.”
Revlon Staves Off Bankruptcy, Reports Q3 With Notes Of Optimism
Revlon’s net sales fell approximately 20% to $477.1m in the third quarter, but the performance represents a sequential improvement compared with the second quarter, CEO Debra Perelman noted in a call with analysts. Having successfully closed a senior debt exchange offer on 13 November, Revlon will enter 2021 fully focused on strategic execution, she said.
CoverGirl Clean Fresh Is Starting Point For Brand’s Next Makeover, Coty CEO Nabi Suggests
Sue Nabi, who started as CEO at Coty in September, believes the company can do better than CoverGirl’s previous relaunch, which championed individual expression with the somewhat head-scratching tag, “I Am What I Makeup.” The brand’s future is in “clean,” she suggested during Coty’s first-quarter earnings call.