Coty becomes biggest fragrance company in the world
11 July 2005
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."
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