Coty Inc. announced the opening of a new corporate facility near Geneva. The flagship offices, located in Versoix (Canton Geneva), will complement Coty headquarters activities in New York and Paris.
With a goal of further developing cross-divisional and joint headquarters collaboration among Coty professionals, the Geneva office forms a third component in Coty's corporate headquarters structure. It includes a state-of-the-art R&D group linked to a fragrance center of excellence, global and regional commercial teams for Coty Beauty and Coty Prestige divisions, procurement and supply chain operations, and a regional Northern European finance center.
"Creating a third headquarters in Geneva shows Coty's commitment to being a truly global emerging leader in beauty," said Bernd Beetz, Coty’s CEO. "Our talented people take collaboration seriously, whether working across divisions or borders."
The new center in Versoix will take a lead in developing stronger relationships with its most important fragrance suppliers. It will also support Coty marketing and new product development teams in London, New York and Paris, in addition to supporting manufacturing centers in Monaco, Spain and the US.
"Geneva has become a highly important location to enhance Coty's corporate activities as we realize our vision for the future," said Peter Shaefer, Coty's senior vice president of strategic business development, who also will serve as president of the board of directors for Coty Switzerland.
The new office brings to three the number of Coty's principal corporate locations globally, after Paris and New York. In Versoix the offices occupy a full floor of 3,220 square meters in a classic former paper factory on chemin de la Papeterie. It is initially expected to welcome almost 150 employees.
"I am pleased to be able to bring together our scientific teams into one dynamic state-of-the art laboratory to promote knowledge sharing and research that will fuel Coty's innovation," said Ralph Macchio, Coty's senior vice president and chief scientific officer. "Being close to our valued partners is an additional benefit Geneva offers."
Geneva also will continue to host Coty's worldwide travel retail business and the European oversight of various commercial activities. Additional functions at the new office will also include internal corporate activities to support the company's two principal operating divisions, Coty Beauty and Coty Prestige. Coty's decision to invest further in Geneva was also guided by its international location, qualified workforce and a goal to balance business travel required of its professionals.