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Coty Raises $1 Billion In IPO Ranking Among Biggest In Consumer Goods

This article was originally published in The Rose Sheet

Executive Summary

Coty’s awaited initial public offering could potentially generate $1.15 billion with the sale of extra shares to underwriters, which would make it “the largest-ever U.S. IPO by a consumer-products company,” according to international law firm Duane Morris.

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Coty Reorganizes To Advance Growth, “Best-In-Class” Category Innovation

Coty Inc.’s new organizational structure is centered on product innovation and “consumer evolution,” the New York firm announces July 9. The restructuring includes a number of executive changes and transforms Coty’s Prestige and Beauty units to a “Categories and Innovation” umbrella comprising four product category branches.

Coty Projects Slight Q1 Decline, Citing “Drastic Drop” In Nail Segment

Coty is holding off on full-year projections until it gains visibility into the back-to-school and Christmas seasons, but expects first-quarter revenues to be down, largely due to a significant decline in nail-care consumption. The newly public firm looks to offset retailer destocking with innovations across its portfolio, previewed during its fiscal 2013 fourth-quarter and year-end earnings call.

Coty Marketers Promoted To Drive Growth In Firm’s Top Businesses

Stephen Mormoris and Johanna Businelli take on senior VP roles with responsibilities for growing its fragrance and color cosmetics segments.

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