Significantly Strengthens Coty’s Presence in Brazil, the Third
Largest Beauty Market in the World
NEW YORK--(BUSINESS WIRE)--Feb. 1, 2016--
Coty Inc. (NYSE:COTY) announced today that it has completed its
acquisition of the personal care and beauty business (the “Beauty
Business”) of Hypermarcas S.A., providing Coty with a critical mass
platform in the Brazilian beauty market. The Beauty Business’s 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
Thursday, February 4, 2016, and will host a conference call to discuss
those results, business outlook and recent corporate developments,
including the completion of the Beauty Business acquisition, at 9 am ET.
Those wishing to access the webcast can do so at http://investors.COTY.com.
About Coty Inc.
Coty is a leading global beauty company with net revenues of $4.4
billion for the fiscal year ended June 30, 2015. Founded in Paris in
1904, Coty is a pure play beauty company with a portfolio of well-known
fragrances, color cosmetics and skin & body care products sold in over
130 countries and territories. Coty’s product offerings include such
leading power brands as Adidas, Calvin Klein, Chloé,
DAVIDOFF, Marc Jacobs, OPI, philosophy, Playboy,
Rimmel and Sally Hansen.
For additional information about Coty Inc., please visit www.coty.com.
Forward-Looking Statements
Certain statements in this communication are forward-looking statements.
These forward-looking statements reflect Coty’s current views with
respect to the completion of the transaction with Hypermarcas S.A.
(“Hypermarcas”). These forward-looking statements are generally
identified by words or phrases, such as “anticipate,” “expect,”
“should,” “would,” “could,” “intend,” “plan,” “project,” “seek,”
“believe,” “will,” “opportunity,” “potential,” and similar words or
phrases. Actual results may differ materially from the results predicted
due to risks and uncertainties including inaccuracies in our assumptions
in evaluating the transaction, difficulties in integrating the Beauty
Business into Coty and other difficulties in achieving the expected
benefits of the transaction. All statements in this communication, other
than those relating to historical information or current conditions, are
forward-looking statements. We intend these forward-looking statements
to be covered by the safe harbor provisions for forward-looking
statements in the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are subject to a number of risks and
uncertainties, many of which are beyond the control of Coty, which could
cause actual results to differ materially from such statements.
Risks and uncertainties relating to the acquisition of the Hypermarcas
Beauty Business include, but are not limited to: economic conditions
with respect to the markets in which the Beauty Business operates;
competitive responses to the acquisition; litigation relating to the
transaction; the ability of Coty to achieve synergies or market
expansion contemplated by the Beauty Business acquisition within the
expected time frame; the ability of Coty to promptly and effectively
integrate the Beauty Business into Coty; the effects of the business
combination of Coty and the Beauty Business, including Coty’s future
financial condition, operating results, strategy and plans; and
disruption from the acquisition making it more difficult to maintain
relationships with customers, employees or suppliers.
The foregoing review of important factors should not be construed as
exhaustive and should be read in conjunction with the other cautionary
statements that are included elsewhere. More information about potential
risks and uncertainties that could affect Coty’s business and financial
results is included under “Risk Factors” and “Management’s Discussion
and Analysis of Financial Condition and Results of Operations” in Coty’s
Annual Report on Form 10-K for the fiscal year ended June 30, 2015, and
other periodic reports Coty has filed and may file with the Securities
and Exchange Commission from time to time. Any forward-looking
statements made in this communication are qualified in their entirety by
these cautionary statements, and there can be no assurance that the
actual results or developments anticipated by us will be realized or,
even if substantially realized, that they will have the expected
consequences to, or effects on, us or our business or operations. Except
to the extent required by applicable law, Coty undertakes no obligation
to update publicly or revise any forward-looking statement, whether as a
result of new information, future developments or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160201006231/en/
Source: Coty Inc.
For Coty Inc.
Investor Relations:
Kevin Monaco, 212-389-6815
or
Corporate
Communications:
Jennifer Friedman, 212-389-7175