NEW YORK--(BUSINESS WIRE)--Jan. 27, 2016--
Tiffany & Co. and Coty Inc. today announced entry into an agreement
regarding the development, production and distribution of a new line of
Tiffany fragrances for both women and men, to be sold at Tiffany & Co.
stores as well as at other select luxury retailers.
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Over the past 178 years, Tiffany’s renowned reputation for extraordinary
product design and excellence has been earned by creating objects of
lasting beauty from nature’s most exquisite diamonds and gemstones.
“Tiffany is among the world’s most important houses of luxury, and
fragrances are an important expression of the brand,” said Frédéric
Cumenal, chief executive officer of Tiffany & Co. “We are pleased to
work with Coty, an industry leader in the prestige fragrance category,
on the development of a more meaningful fragrance portfolio through this
licensing agreement.”
“Tiffany’s luxury heritage lends itself perfectly to Coty’s prestige
fragrance portfolio,” said Bart Becht, chairman and interim chief
executive officer, Coty. “We look forward to bringing Coty’s unique
expertise to Tiffany by establishing a strong fragrance business for the
brand.”
About Tiffany & Co.
Tiffany is the internationally
renowned jeweler founded in New York in 1837. Through its subsidiaries,
Tiffany & Co. manufactures products and operates TIFFANY & CO. retail
stores worldwide, and also engages in direct selling through Internet,
catalog and business gift operations. For additional information, please
visit Tiffany.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 global brands as adidas, Calvin Klein, Chloé,
Davidoff, Marc Jacobs, OPI, philosophy, Rimmel and Sally Hansen. For
additional information, please visit Coty.com.
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Source: Tiffany & Co. and Coty Inc.
Press:
Tiffany & Co.
Nathan Strauss, 646-428-5941
nathan.strauss@tiffany.com
or
COTY
Jennifer
Friedman, 212-389-7175
jennifer_friedman@cotyinc.com