Coty signs fragrance partnership with musical artist Enrique Iglesias
NEW YORK— Coty has partnered with singer and songwriter Enrique Iglesias to develop his own line of signature fragrances.
The first fragrance is expected to be released in the summer of 2014.
"Enrique Iglesias is without question one of the most inspiring and talented artists in modern music," stated Michele Scannavini, CEO of Coty. "We look forward to translating Enrique’s passion, authenticity and energy into a fragrance powerhouse."
Iglesias remains one of the best-selling artists in history, with sales exceeding 100 million albums worldwide. He has also had five Top 5 singles on the Billboard Hot 100, with two reaching the top spot, as well as 13 No. 1 hits on the dance chart — the most ever for any male performer. Moreover, he has 71 No. 1 hits across all Billboard charts. He also is the record holder for most Spanish language singles to hit No. 1 on the Hot Latin Tracks chart, producing 23 in total.
"We are thrilled to partner with the talented Enrique Iglesias," added Renato Semerari, president of Coty Beauty. "This partnership provides us with a great opportunity to expand our business in emerging markets, particularly in Brazil, the world’s largest fragrance market, as well as in our other key fragrance markets."
P&G posts Q2 results
CINCINNATI — Procter & Gamble reported on Friday that second-quarter results were in line with company expectations, and solid growth is projected for the second half of the fiscal year.
Second-quarter net totaled $22.3 billion, unchanged from the year-ago period. Organic sales grew 3%.
Diluted net earnings per share were $1.18, a decrease of 15% versus a base period that included a 21 cents per share holding gain resulting from P&G’s purchase of the balance of its baby care and feminine care joint venture in Iberia.
“P&G’s second-quarter results came in as we expected,” said chairman, president and CEO A.G. Lafley. “We’re on-track to deliver our objectives of 3% to 4% organic sales growth and 5% to 7% core EPS growth for the fiscal year. We expect strong earnings growth in the second half of the fiscal year driven by solid top-line growth, moderating headwinds from foreign exchange, and productivity savings that build throughout the year.”
In beauty, organic sales were unchanged. Gains from market growth and innovation in prestige, hair care, deodorants and personal cleansing were offset by geographic and product mix and a decrease in skin care sales, P&G stated.
In grooming, organic sales increased 3% as higher pricing and innovation on blades and razors and appliances were partially offset by market contraction in developed regions and geographic and product mix, the company noted.
Dr. brandt skin care launches its first ever national ad campaign
NEW YORK — Anti-aging skin care brand dr. brandt is launching a national advertising campaign — the first in brand history — to introduce its new Do Not Age pearl serum.
The advertisement will debut across national magazines and will highlight the power of dr. brandt’s Duo Pearl technology integral to the DNA pearl serum.
The new serum is poised to become a dr. brandt hero product as a culmination of more than 30 years of experience and research of cosmetic dermatologist Dr. Brandt.
Dr. brandt skincare is further promoting this launch with a sweepstakes in which five winners will be selected every week from Jan. 31 to Feb. 28 to win the entire Do Not Age collection with full-size products. One participant also will win a $1,000 gift card that can be used on drbrandtskincare.com. The ad will feature a URL and a QR code that will allow readers to enter into the sweepstakes from smartphones.