Coty appoints Catherine Walsh SVP corporate communications
NEW YORK — Coty has appointed longtime company executive Catherine Walsh to fill the newly created position of SVP corporate communications.
"Catherine Walsh has been a key force in creating and developing the American portfolio of Coty Prestige since she began with us in 2001," stated Michele Scannavini, CEO of Coty. "Her passion for all forms of beauty, her natural curiosity and her unique marketing capabilities have all contributed to the growing success of Coty Prestige over the past decade, and they are just some of the characteristics that make me confident in her ability to take on this new role."
In her new position, Walsh has been charged with promoting Coty’s corporate image, implementing effective financial communication, piloting Coty Cares, developing digital capabilities and leading internal communications. Serving under her to help achieve those goals is a cross-divisional team that will include representatives from the departments of corporate public relations, corporate sustainability, global digital and employee communication.
Walsh’s achievements in her tenure at Coty include reigniting the celebrity fragrance model by establishing a long-standing collaboration with Jennifer Lopez, inventing new concepts and brand territories with Marc Jacobs and Balenciaga, and bringing mega-brands such as Calvin Klein to new heights. She sits on the Fashion Institute of Technology’s Industry Advisory Board and the Board of Directors for the Chinati Foundation.
More than 400 ponytails donated to P&G’s Pantene Beautiful Lengths program
CINCINNATI — Procter & Gamble hosted its third ponytail donation event this week in support of the Pantene Beautiful Lengths program. P&G employees, their family and friends and the local community gathered in the Tower Gardens at the P&G general offices to donate more than 400 ponytails to benefit the cause, which creates free real-hair wigs for women undergoing cancer treatments.
Several guests of honor were present to support those who participated, including one of WCPO’s “Good Morning Tri-State” news anchors Kathrine Nero, who shared her personal story. P&G employee Julie Noe also shared her journey, and cut her six-year old daughter Bella’s ponytail, which was donated to the program. Hair styling was provided by more than 30 local hair stylists who volunteered their time to help cut and style the hair that was donated.
The event once again kicked-off the countdown to the second National Donate Your Hair Day, which is taking place on Sept. 7 to benefit the Pantene Beautiful Lengths program. Pantene and Seventeen magazine are partnering again to continue this annual day of giving where people nationwide are encouraged to cut and donate their hair.
Created in 2006, Pantene Beautiful Lengths inspires people to grow, cut and donate their hair to create free, real-hair wigs for women who have lost their hair because of cancer treatments. To date, Pantene Beautiful Lengths has received nearly 500,000 hair donations from men, women and children. The American Cancer Society distributes the wigs through their nationwide network of wig banks at no cost. Since the start of the program, 28,000 real-hair wigs have been provided to female cancer patients.
B&G Foods announces agreement to acquire Pirate Brands, including Pirate’s Booty
PARSIPPANY, N.J. — B&G Foods, Inc. announced today that it has entered into an agreement to acquire Robert’s American Gourmet Food, doing business as Pirate Brands, a supplier in the all-natural snack foods category, from VMG Partners, Driven Capital Management, founder Robert Ehrlich and certain other entities and individuals, for approximately $195 million in cash.
“We are delighted to add Pirate Brands, including the iconic Pirate’s Booty, to the B&G Foods family of brands. The acquisition of this business and its collection of growing natural snack foods, marks the second addition to our snack foods portfolio since we entered the category last October,” said David L. Wenner, president and CEO of B&G Foods.
“VMG Partners and Driven Capital Management, under the leadership of Mike Repole, have done an outstanding job with Pirate Brands over the past five years, building upon the fun, innovative, all-natural brand originated by Robert Ehrlich in 1987. We look forward to continuing to bring consumers great-tasting, all-natural snack foods they have come to love and expect from Pirate Brands,” Wenner said.
“Consistent with our acquisition strategy, we expect the acquisition to be immediately accretive to our earnings per share and free cash flow," Wenner continued.
Pirate Brands’ baked, all-natural, trans fat and gluten-free snack brands include Pirate’s Booty, Smart Puffs and Original Tings. B&G Foods projects that following the acquisition, Pirate Brands will generate net sales of $80 million to $90 million and adjusted EBITDA of $18 million to $20 million on an annualized basis after the business is fully integrated into B&G Foods.
B&G Foods intends to fund the acquisition with the remaining net proceeds of its recently completed senior notes offering and additional revolving credit borrowings under its credit agreement. B&G Foods expects the acquisition to close in July 2013, subject to regulatory approval and the satisfaction of customary closing conditions.
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