Coty Inc. has announced the creation of a prestige division, Coty Prestige. The division comprises the former Lancaster Group and Unilever Cosmetics International.
“Our new organization has been planned and developed to best answer to the evolution of the retail environment,” said Michele Scannavini, president, Coty Prestige. “Also, it will give to all our brands the chance to achieve their highest potential with the right treatment and support.”
Jean Mortier has been appointed senior vice president, commercial to lead the sales organization of Coty Prestige Worldwide. Bob Cankes has been appointed president of Coty Prestige North America, which now encompasses both the Lancaster portfolio and the brands acquired from Unilever—including Calvin Klein, Vera Wang and Cerruti.
To better meet the needs of retailers in a fast changing environment, Coty is creating two prestige sales divisions within the United States.
Sales will be divided into five geographic regions, which will align Coty resources with the evolving landscape of its retail partners. Based on the evolution of its brand portfolio, Coty is also establishing the specialty stores division to strengthen its presence in the ultra prestige segment. This division will service Neiman Marcus, Nordstrom, Bloomingdales, Saks 5th Ave., Lord and Taylor and specialty boutiques. According to Coty, this segment represents a significant pillar in its growth strategy in the United States.