However, the estimated growth pace is lower than in 2014, when the company reported an over 20% increase.
Founded in Paris in 1904, Coty sells perfume, make-up and cosmetics in more than 130 countries. Its portfolio includes brands like adidas, Calvin Klein, Chloé, Davidoff, Marc Jacobs, OPI, philosophy, Playboy, Rimmel and Sally Hansen.
Coty’s main competitors on the Romanian market are L’Oréal or Beiersdorf, as well as local producer Farmec. Romanian make-up and skincare market totals around RON3.3 billion.
Coty Romania employs only 39 people. Internationally, Coty has sales of around RON4 billion and employs over 10.000 people.
Globally, the company plans to complete the takeover of Bourjois brand from Chanel, and it has recently won an auction for taking over three units of Procter & Gamble, according to international media.
(English version by Manuela Panescu)