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Coty acquisition raises the stakes in Brazil
NEW YORK — Coty Inc. has completed its acquisition of the personal care and beauty business of Hypermarcas, providing Coty with a critical mass platform in the Brazilian beauty market.
Hpermarcas' leading brands include Monange, Risqué, Bozzano, Paixão and Biocolor.
“We are pleased to complete the acquisition of the Beauty Business of Hypermarcas, which will strengthen our presence in Brazil, the third largest beauty and personal care market in the world,” said Bart Becht, chairman and interim CEO of Coty. “The Beauty Business provides us with leading brands, state-of-the-art manufacturing and distribution facilities and strong go-to-market capabilities, and will be an important part of Coty’s portfolio going forward. Together with our expected merger with the P&G Specialty Beauty Business, it is another step in our progression towards creating a pure-play global leader and challenger in Beauty.”
Coty will release fiscal 2016 second quarter financial results on Feb. 4. Coty Inc.
Coty is a global beauty company with net revenues of $4.4 billion for the fiscal year ended June 30, 2015. Coty’s product offerings include such leading power brands as Adidas, Calvin Klein, Chloé, DAVIDOFF, Marc Jacobs, OPI, philosophy, Playboy, Rimmel and Sally Hansen.