« Hispanic Multicultural Outreach for Hotel Chain | Main | Pierce's Favorite Cosmetic Critic; Paula Begoun Tells All »

May 20, 2005

Unilever Sells To Coty

Unilever is to sell its fragrance business to Coty of the US for $800m in cash as part of the Anglo-Dutch consumer products company’s strategy to focus on its core products.

The purchase of Unilever Cosmetics International gives Coty, a privately held cosmetics and perfumes company, licences for fragrances such as Calvin Klein, Vera Wang, Chloe and Lagerfeld. It includes a manufacturing and distribution centre in Mt Olive, New Jersey, and a distribution centre in Lille, France. Staff at both centres will transfer to Coty along with the business.

Posted by at May 20, 2005 11:12 AM

Trackback Pings

TrackBack URL for this entry:
http://www.piercemattie.com/cgi-bin/moveabletype/mt-tb.cgi/289