Coty acquires Dr. Scheller Cosmetics
NEW YORK Coty has agreed to acquire Russian beauty maker Kalina Group’s German subsidiary, Dr. Scheller Cosmetics. Under the deal, Kalina will retain the rights to the Dr. Scheller skin care business and related subsidiaries.
The acquisition further enhances Coty’s portfolio, which now will include DSC’s German makeup brand, Manhattan, and its anti-acne cosmetic brand, Manhattan Clearface. With these products, Coty will become the second-largest player in the German color cosmetics market, the company said. Coty’s market share in the color cosmetics category in Germany will increase from 7% to 17%. Globally, the color cosmetics pillar will represent 25% of Coty’s total portfolio. It also paves the way for Coty to achieve its goal of becoming a $7 billion beauty company by 2015, the company added.
"The acquisition of Dr. Scheller Cosmetics is a natural extension of our strategy to offer a well-balanced portfolio of brands, representing some of the leading consumer products in Germany," said Bernd Beetz, Coty CEO. "Their well-established brand, high-quality products, market presence and loyal consumers will complement and add value to Coty’s existing offerings."
Financial terms of the transaction were not disclosed, and the transaction is subject to certain merger control approvals.
L’Oreal Paris brings beauty to Glamour’s Women of the Year awards
NEW YORK At this year’s 20th Annual Women of the Year Awards hosted by Glamour magazine, L’Oreal Paris, which sponsored the ceremony, provided honorees with its latest products to try out during the event.
In the green room of the WOTY awards ceremony, held at Carnegie Hall in New York, honorees stopped by the L’Oreal Paris makeup room to check out the beauty brand’s latest products, including L’Oreal Paris Colour Riche lip liner and Colour Juice sheer juicy lip gloss, Voluminous Million Lashes mascara and Infallible Never Fail plumping lip gloss.
The evening featured a live musical performance by Janelle Monae. Additional red-carpet guests included various celebrities, including Kyra Sedgwick, Beverly Johnson, Alexa Ray Joel, Petra Nemcova, Gayle King and more.
Every year, Glamour magazine recognizes women that have changed the world through courageous and inspiring efforts.
Head & Shoulders honors Brian Bosworth for iconic hair
CINCINNATI Procter & Gamble’s Head & Shoulders hair care brand has crowned National Football League legend Brian Bosworth "Most Iconic NFL Hair of All Time."
Recognized for his hair style, the "Boz cut," Bosworth will be inducted as the winner of Head & Shoulders’ Mane Event, a throwdown between eight NFL legends with iconic hair. However, Head & Shoulders spokesman and Pittsburgh Steelers Troy Polamalu’s full and thick curls continue to carry the ultimate hair torch, as his million-dollar Samoan locks now bear the honor of earning the Guinness World Record title of "Highest Insured Hair."
The Mane Event is a nod to Head & Shoulders’ Polamalooza campaign, a celebration of full and thick NFL hair styles, both past and present.