Report
Sonia Vora
EUR 101.80 For Business Accounts Only

Despite enhanced scale, the addition of P&G’s beauty fare fails to bolster Coty’s competitive edge.

In October 2016, Coty acquired Procter & Gamble’s specialty beauty business, which doubled its revenue base and made it the foremost player in the global fragrance market. From our vantage point, this acquisition marked a watershed moment for the firm, as it also bolstered its presence in the color cosmetics and haircare categories and should provide substantial benefits to Coty’s bottom line over the long term. However, even with these assets, we think Coty has fallen short of securing an e...
Underlying
Coty Inc. Class A

Coty and its subsidiaries are a beauty company. The company manufactures, markets, sells and distributes beauty products, including fragrances, color cosmetics, hair care products and skin and body related products. The company is organized into three divisions, which is also its operating and reportable segments: Consumer Beauty, Luxury and Professional Beauty. Consumer Beauty is primarily focused on color cosmetics, retail hair coloring and styling products, body care and mass fragrances. Luxury is primarily focused on fragrances, skincare and cosmetics. Professional Beauty is primarily focused on hair and nail care products for salon personnel.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Sonia Vora

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