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Coty have today announced the completion of their purchase of Unilever's fragrance division making them the world's largest fragrance company.

Coty Chief Executive Officer Bernd Beetz said, "The purchase of these prestige fragrances strengthens Coty’s leadership position in the global marketplace. It is an excellent strategic move for Coty and one that is fully in line with our strategy. Coty is now the world’s largest fragrance company and we are in a strong position to achieve our long-term goal of being among the top five beauty companies in the world."

Michele Scannavini, President, Lancaster Group Worldwide said "The addition of these brands is a strong complement to Lancaster Group’s prestige portfolio of celebrity, designer and lifestyle fragrances. We are truly excited about this acquisition and we are looking forward to developing these brands, which give us a new platform to further build our prestige business around the world."

The Unilever fragrance brands included are: Calvin Klein, Cerruti, Vera Wang, Chloe and Lagerfeld. These join the previously Unilever-owned Nautica, which Coty also purchased earlier this year.

Coty's other brands include: Adidas, Coty, The Healing Garden, Jovan, Aspen, Stetson, Rimmel, Margaret Astor, Celine Dion, Miss Sixty, Mary-Kate and Ashley, Isabella Rossellini, Calgon, Shania Twain, David Beckham, Victoria Beckham, Lancaster, Davidoff, Joop, Jil Sander, Jette Joop, Chopard, Vivienne Westwood, Nikos, Jennifer Lopez, Sarah Jessica Parker, Mark Jacobs, Kenneth Cole and baby Phat...

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