Coty and Swarovski Sign Long-Term Agreement for New Entry Into Beauty Market
05 Dezember 2024 - 6:30AM
Business Wire
Coty (NYSE: COTY) (Paris: COTY), one of the world’s largest
beauty companies with a portfolio of iconic brands across
fragrance, color cosmetics, and skin and body care, has joined
forces with world-renowned crystal house Swarovski to announce an
agreement for a long-term beauty license, with the opportunity to
develop, produce and distribute a new vision of fragrances.
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COTY AND SWAROVSKI SIGN LONG-TERM
AGREEMENT FOR NEW ENTRY INTO BEAUTY MARKET ©Tom Steinlechner (left:
Jean Holtzmann, Chief Brands Officer Prestige, Coty; right: Michele
Molon, Chief Commercial Officer, Swarovski)
This agreement marks the beginning of a long-term partnership,
rooted in a mutual focus on creativity and innovation. The
collaboration comes as Coty continues to elevate and diversify its
portfolio, continuously bringing new products, brands, and
innovations to the forefront.
The new partnership also reinforces Coty’s reputation as the
go-to partner for global brands looking to create or elevate their
beauty portfolios.
Swarovski Crystal Business is represented in over 140 countries
worldwide with 2,300 Swarovski boutiques complemented by selected
multibrand partners. The new partnership enables Swarovski to
enhance its brand presence and visibility in the beauty market and
diversify its product offerings. In addition, it will bring its
unique essence of pop luxury and joyful extravagance to the beauty
industry, creating luxurious products that celebrate
individuality.
Jean Holtzmann, Coty Chief Brands Officer Prestige, said: “We
are delighted to announce our new, long-term partnership with
Swarovski to develop and bring to market exciting new fragrance and
beauty ranges. Renowned for its cutting-edge technology and
unparalleled artistry, Swarovski has garnered significant
recognition among global consumers, making it an ideal fit for a
worldwide rollout across key markets such as EMEA, the Americas,
and Asia. This licensing agreement aligns with Coty’s successful
strategy of focusing on licenses with multi-category potential. We
are excited to start working with Swarovski to develop truly
brilliant beauty offerings that will inspire elegance and express
individuality.”
Michele Molon, Swarovski Chief Commercial Officer, said:
“Partnering with Coty is a significant step for Swarovski as we
continue to expand our brand into new product categories. This
partnership allows us to bring Swarovski’s unique positioning of
Pop Luxury – a luxury that is creative, fun, colorful and joyfully
extravagant – to the world of beauty and fragrances whilst
leveraging Coty's extensive industry expertise. Together, we will
create beautiful and luxurious products that reflect our shared
commitment to quality and innovation. We look forward to the
endless possibilities this partnership will bring.”
The first offering under this licensing agreement is anticipated
to launch in 2026.
About Coty Inc. Founded in Paris in 1904, Coty is one of
the world’s largest beauty companies with a portfolio of iconic
brands across fragrance, color cosmetics, and skin and body care.
We serve consumers around the world, selling prestige and mass
market products in more than 125 countries and territories. Coty
and our brands empower people to express themselves freely,
creating their own visions of beauty; and we are committed to
protecting the planet. Learn more at coty.com or on LinkedIn and
Instagram.
About Swarovski Masters of Light Since 1895
Swarovski creates beautiful products of impeccable quality and
craftsmanship that bring joy and celebrate individuality.
Founded in 1895 in Austria, the company designs, manufactures,
and sells the world's finest crystals, Swarovski Created Diamonds
and zirconia, jewelry, and accessories, as well as home décor and
crystals for Automotive.
Swarovski Crystal Business is represented in over 140 countries
worldwide with 2,300 Swarovski boutiques complemented by selected
multibrand partners and employs 16,600 people. Together with its
sister companies Swarovski Optik (optical devices) and Tyrolit
(abrasives), Swarovski Crystal Business forms the Swarovski Group.
A responsible relationship with people and the planet is part of
Swarovski’s heritage. Today this legacy is rooted in sustainability
measures across the value chain, with an emphasis on circular
innovation, championing diversity, inclusion, and self-expression,
and in the philanthropic work of the Swarovski Foundation, which
supports charitable organizations bringing positive environmental
and social impact.
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Coty Inc. Antonia Werther, +31 621 394495
Antonia_werther@cotyinc.com
Investor Relations Olga Levinzon, +1 212 389-7733
olga_levinzon@cotyinc.com
Swarovski Sonja Zeehuisen
Corporate.communications@swarovski.com
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