Henkel, which owns Schwarzkopf, was hoping to boost its market share by securing control of Wella, the sources said, but its boss Carsten Knobel had to hold off amid a bleak outlook. But if real global GDP growth was to drop between 4-6% due to the coronavirus pandemic in 2020, retail sales growth for the sector would decline between 2% and 5%, Euromonitor said. The portfolio was expected to fetch about $7 billion earlier this year, sources had said, before the novel coronavirus ravaged the market, redirecting consumers’ focus towards online beauty products including home dye kits. German conglomerate Henkel is only targeting specific brands including hair specialist Wella rather than the entire portfolio but would not commit to a bid until it has more visibility on the industry downturn, the sources said. I want to create an inspiring, very nimble, successful new Coty with the whole Coty team.”With Coty, Nabi is taking on a project with a capital P.At Coty, Nabi will continue to focus heavily on skin care, with plans to bring Kylie Skin and KKW skin care to Asia. ⁣ ⁣ ⁣ Coty Inc said on Monday it would buy a 20% stake in reality TV star Kim Kardashian West's makeup brand KKW, as the cosmetics maker looks to cash in on the demand for celebrity-owned products. Nabi said the plan to revitalize Cover Girl will include leaning further into clean beauty, in line with the success of the Clean Fresh line.That segment posted a 55 percent net sales decline in the quarter, to $340.7 million, with a 29 percent dip for the year, to $2.1 billion.In luxury, the pandemic posed a larger problem, as most distribution corridors, including travel retail and department stores, were closed due to the pandemic. The source said new product formulations are being developed to appeal to those markets, and that the lines should be launched there in the third quarter of fiscal 2021. ⁣⁣ Prospective bidders want to assess the impact of the industry shutdown on Coty’s brands which include Wella, Clairol, GHD and OPI nail polish, they said.
The global beauty and personal care industry was valued just short of $500 billion in 2019, according to market research firm Euromonitor. For the quarter ended June 30, the company posted a net sales decline of 63 percent, to $560.4 million, with a net loss of $778.2 million.“COVID-19 triggered a global real economy and supply crisis that led to turmoil in the financial market. The sale, launched by Credit Suisse earlier this year, has hit a snag as hair salons and nail bars remain shut in most countries around the world, the sources said, speaking on condition of anonymity as the matter is confidential. Sue Nabi’s Coty Will Focus on D-t-c and Good Beauty Products "I really would like this company to become a product-driven, product-centric." ⁣ It did hit Coty harder than its competitors,” said Coty chief operating officer and chief financial officer Pierre-André Terisse. ⁣⁣

Coty's headquarters is located in New York, New York, USA 10118. “Climate change is not going away, when it really kicks in it will really affect [the fashion business] supply chains,” urged Morten Lehmann, chief sustainability officer at GFA, and one of the report's authors.⁣⁣ “If your product is not the best one on the market, if it’s not the one that delivers better than the others, if it’s not a product that’s perfectly designed for usage, but also for performance, and last but not least, if it’s not a product that you feel not guilty by using because it’s sustainable, then you’ll be happy to stick to this product.”Nabi also talked about incorporating wellness into the portfolio, capitalizing more on direct-to-consumer capabilities, which she called a “dreamy business model,” and reinvigorating Coty’s mass brands, which have struggled for years.“In over 25 years in this industry, with many opportunities, I have learned my lessons on what makes a beauty business or a brand successful.

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