Coty Has A New CEO


Here’s your refresher; Coty Inc is an American multinational beauty company founded in 1904. It develops, manufactures, markets, and distributes fragrances, cosmetics, skin care, nail care, and both professional and retail hair care products. Kylie Cosmetics, Rimmel, Covergirl, Wella, Maxfactor are just a few brands that Coty own or have a stake in. Chances are you’ve probably used a Coty product.

The New York-based beauty company said Pierre Denis, who’s been the CEO of Jimmy Choo Group Limited since 2012, will succeed Pierre Laubies as CEO sometime this summer.

Laubies has only been CEO since November 2018. He had taken over from Camillo Pane, who had been CEO for two years. Pierre-André Térisse, chief financial officer of Coty, will become chief operating officer while retaining in full his CFO role. That makes three Pierre’s in one story, so I hope you’re keeping up?

Coty hasn’t been having a great year so far, earlier this month, Coty reported that second-quarter net revenues fell by 6.6 percent from a year earlier. At the end of last year they spent $600 million buying a 51 percent stake in Kylie Cosmetics. Denis is said to have vast experience in the luxury and cosmetic category in developed and developing markets. Coty are looking to capture myriad growth opportunities and accelerate top line performance.

To summarize Laubies is leaving, Denis is taking his place and André Térisse is the COO and CFO.


Featured content.

person preparing the bath with essential oil

Niacinamide Vs Hyaluronic Acid

If you’ve followed Science and Skincare for any amount of time, you’ll be aware of my posts on acids. Niacinamide vs Hyaluronic Acid will be the highly requested addition to the category that made this site popular. Depending on your skincare knowledge, choosing between the two will either be easy or incredibly difficult. However, one…

Keep reading
woman in white robe holding her face

Mandelic Acid vs Retinol

Mandelic Acid vs Retinol? Which one is right for you? Can you use both? If these are questions that have crossed your mind lately, then you’ve come to the right place. I’ve covered the topic of acids extensively and will continue to do so (because it is incredibly confusing and you have to be careful).…

Keep reading
woman in purple tank top applying facial tonic

Mandelic Acid Vs Salicylic Acid

Acids are tricky game, that we can all agree on . Mandelic Acid Vs Salicylic Acid is a much requested post and I understand why. The notion of putting an ‘acid’ on your skin is pretty scary, especially if you’re new to the skincare game. Why would we do it, why are there so many…

Keep reading

%d bloggers like this: