Coty acquires Dr. Scheller Cosmetics
NEW YORK Coty has agreed to acquire Russian beauty maker Kalina Group’s German subsidiary, Dr. Scheller Cosmetics. Under the deal, Kalina will retain the rights to the Dr. Scheller skin care business and related subsidiaries.
The acquisition further enhances Coty’s portfolio, which now will include DSC’s German makeup brand, Manhattan, and its anti-acne cosmetic brand, Manhattan Clearface. With these products, Coty will become the second-largest player in the German color cosmetics market, the company said. Coty’s market share in the color cosmetics category in Germany will increase from 7% to 17%. Globally, the color cosmetics pillar will represent 25% of Coty’s total portfolio. It also paves the way for Coty to achieve its goal of becoming a $7 billion beauty company by 2015, the company added.
"The acquisition of Dr. Scheller Cosmetics is a natural extension of our strategy to offer a well-balanced portfolio of brands, representing some of the leading consumer products in Germany," said Bernd Beetz, Coty CEO. "Their well-established brand, high-quality products, market presence and loyal consumers will complement and add value to Coty’s existing offerings."
Financial terms of the transaction were not disclosed, and the transaction is subject to certain merger control approvals.
L’Oreal Paris brings beauty to Glamour’s Women of the Year awards
NEW YORK At this year’s 20th Annual Women of the Year Awards hosted by Glamour magazine, L’Oreal Paris, which sponsored the ceremony, provided honorees with its latest products to try out during the event.
In the green room of the WOTY awards ceremony, held at Carnegie Hall in New York, honorees stopped by the L’Oreal Paris makeup room to check out the beauty brand’s latest products, including L’Oreal Paris Colour Riche lip liner and Colour Juice sheer juicy lip gloss, Voluminous Million Lashes mascara and Infallible Never Fail plumping lip gloss.
The evening featured a live musical performance by Janelle Monae. Additional red-carpet guests included various celebrities, including Kyra Sedgwick, Beverly Johnson, Alexa Ray Joel, Petra Nemcova, Gayle King and more.
Every year, Glamour magazine recognizes women that have changed the world through courageous and inspiring efforts.
Carol Alt to unveil Raw Essentials at Duane Reade
NEW YORK Supermodel Carol Alt is launching her new skin care line, dubbed Raw Essentials, with in-store appearances at Duane Reade stores on Nov. 17 and 18.
On Nov. 17, Alt will be at the Duane Reade store at Third Avenue and 58th Street, and on Nov. 18, she will be at the Eighth Avenue and 42nd Street store.
Alt created Raw Essentials with such organic ingredients as green tea, blue chamomile, cucumber, rose, tangerine, lavender and calendula. Raw Essentials never is heated above 115 degrees Farenheit to preserve vitamins and nutrients that create glowing, healthy-looking skin.
"We are so thrilled to have Carol Alt’s new line Raw Essentials at Duane Reade. Shoppers will be delighted to have a skin care line so cutting-edge and green at their local Duane Reade corner drug store," stated Joe Magnacca, president of Duane Reade.
Alt has graced more than 700 magazine covers and has appeared in 65 films. She is among the "Top 5 Models of All Time," according to AskMen.com, alongside Christie Brinkley, Cindy Crawford and Gisele Bundchen.