Beauty Store Business

JAN 2016

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98 January 2016 | beautystorebusiness.com News COTY APPOINTS MOREAU AS PRESIDENT OF ITS FUTURE COTY PROFESSIONAL BEAUTY DIVISION Coty has announced a new organizational structure and the future leadership team for the company—both of which will become effective subject to completion of Coty's merger with The Procter & Gamble Co.'s fine fragrance, color cosmetics, salon professional and haircolor and styling businesses (the "P&G; Specialty Beauty Business"). The merger is expected to close in the second half of 2016. "The new Coty will bring together a very experienced and diverse executive team, skilled at managing complex global consumer opera- tions, and driving innovation, creativity and growth, all of which are a prerequisite for future success," says Bart Becht, Coty chairman and interim CEO. "This deeply experienced team combined with the new category-focused and consumer-centric structure and our portfolio of world-class brands are all expected to play key roles in making Coty a strong global leader and challenger in beauty, and driving profitable growth and shareholder value over time." Post-merger, Coty's business will be organized into three divisions: • The Coty Professional Beauty Division, focused on servicing salon owners and professionals in hair and nail care • The Coty Consumer Beauty Division, focused on color cosmetics, retail hair coloring and styling products and body care • The Coty Luxury Division, focused on fragrances and skin care In addition, Coty will be launching a department called Growth and Digital, which will be focused on accelerating growth. It will regularly review the company's portfolio strategy and focus on work- ing with each of the three divisions to improve their capabilities in innovation, sales, and traditional and digital marketing. Each of the Professional Beauty, Consumer Beauty and Luxury Divisions will be led by a president, who will be supported in the areas of supply chain, finance, human resources and information services. As part of its announcement, Coty also appointed Sylvie Moreau, current executive vice president of Wella, the Salon Division of P&G;, as the president of the future Coty Professional Beauty Division— which will include the full Wella P&G; Salon Professional hair portfolio and Coty's OPI nailcare brand. Becht comments, "Sylvie is the perfect leader to head the future Coty Professional Beauty Division and advance our position in the salon industry. With her 20-plus years of experience and a track record of success in leading the global Wella P&G; Salon Professional business and team, she has the right leadership skills, passion for the industry and a strong vision required to lead the Coty Professional organization and its brands." When the merger with Coty closes, Moreau will transfer to Coty and her appointment will enter into effect. Until then, Moreau will remain in P&G; and continue her global-leadership role in Wella. Moreau says, "I am honored and delighted to be the future leader of Coty Professional Beauty, home to the world's leading salon megabrands—Wella and OPI. Both Wella and OPI are iconic leaders in the salon channel with a fully complementary portfolio and passionate, expert organizations eager to win in our industry. We are both fueled by innovation, education and creativity and the desire to delight our salon professional partners. I am excited about our great future together, creating the best salon professional company in the world." Sal Mauceri, Wella North America CEO, adds, "Coty's choice of Sylvie as leader of Professional Beauty is great news for all of us at Wella. Sylvie's deep salon experience makes her a great leader for the future organization. Her passion for Wella, its people and the salon industry is well-known in North America. I couldn't be happier with the decision." In her career, Moreau has held a variety of positions in local, regional and international roles, managing many iconic brands. She has spent the past seven years in P&G;'s Salon Professional Division, where she was instrumental in the business turnaround. Moreau will remain based in Geneva following the close of the merger. Sylvie Moreau Image courtesy of Wella, the Salon Division of P&G; DAILY CONCEPTS LAUNCHES IN ULTA BEAUTY Daily Concepts, an all-natural and award-winning bath accessory brand, is now available at 350 ULTA Beauty stores nationwide and at ULTA.com. The line is clinically tested, environmentally friendly and not tested on animals/cruelty-free. Nine SKUS are available in ULTA at retail prices ranging from $8 to $18. "This line is for the eco-conscious consumer, and we are so proud to be able to reach a broader audience with the nationwide launch at ULTA," says Emilio Smeke, Daily Concepts creator. "Our products are uniquely formulated for different parts of the body—from the face to the body. We are confident that Daily Concepts will be the ideal solution for ULTA consumers across the country and for individuals who sing in the shower." 2 ND STREET BEAUTY BOUTIQUES GIVE BACK Long Beach, California-based 2 nd Street Beauty has donated $25,000 to the USC Norris Comprehensive Cancer Center for Breast Cancer Research in Los Angeles. The money was raised during the month of October as a part of the regional boutique store chain's Beauty for Life Initiative via a portion of all sales both in-store at its four brick-and-mortar locations and at 2ndstbeauty.com. Customers visited 2 nd Street Beauty sites in Los Angeles County and Orange County throughout the month for events that included complimentary mini facials, fall makeup consultations and luxe hand treatments. Image courtesy of 2 nd Street Beauty

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