Three young men detained in Moscow for throwing flares at US ambassador’s residenceWorld October 25, 22:02
Kremlin gives no comment on alleged US carte blanche to Russia for Aleppo operationRussian Politics & Diplomacy October 25, 21:44
German ARD TV channel to go any length to win case against Russian athlete — lawyerSport October 25, 21:24
Russian, German top diplomats discuss humanitarian situation in Aleppo — ministryRussian Politics & Diplomacy October 25, 20:09
Russia moves up to 40th place in Doing Business-2017 rating — World BankBusiness & Economy October 25, 20:04
Russia hopes to receive roadmap from IPC on Paralympic membership soonSport October 25, 20:03
Lukoil warns about fake "namesake" company in UKBusiness & Economy October 25, 19:39
Russia keeps urging West to set up wide coalition against terrorismRussian Politics & Diplomacy October 25, 19:37
The farthest shore: peaceful images of Russia's Primorsky KraiSociety & Culture October 25, 19:17
NEW YORK, May 23, 2013 /PRNewswire/ -- Coty Inc., an emerging leader in global beauty, is pleased to announce the agreement to acquire StarAsia, an established distributor of beauty products in the markets of Southeast Asia (Cambodia, Hong Kong, Indonesia, Malaysia, Singapore, Taiwan and Vietnam) from its current parent, Isibane Pte. Ltd. The transaction is expected to close in Summer 2013.
"The acquisition of StarAsia provides us with an established distribution platform to sell our mass brands in key developing markets in the Southeast Asia region," said Mr. Michele Scannavini, CEO of Coty Inc. "We are happy to welcome the StarAsia organization into the Coty family, and I am confident that the talented team there will fit in very well at Coty."
The existing management team of StarAsia will continue to lead the development of Coty`s business in the region.
"StarAsia has succeeded in building a leading regional platform, with operations in seven countries in Asia and a strong track record of growth," said Mr. Noe Saglio, CEO of StarAsia. "We are delighted to become part of the Coty family, having been a business partner for more than 10 years. Our multicultural organization combines international experience with local know-how and I am confident that our talented team will fit in very well at Coty. We look forward to building on our leading market position under Coty's ownership."
For complete information on all of Coty's brands, please visit www.coty.com.
About Coty Inc.
Coty is an emerging leader in global beauty with net revenues of $4.6 billion for the fiscal year ended June 30, 2012. Founded in Paris in 1904, Coty is a pure play beauty company with a portfolio of well-known fragrances, color cosmetics and skin & body care products sold in over 130 countries and territories. Coty's product offerings include such global brands as adidas, Calvin Klein, Chloe, Davidoff, Marc Jacobs, OPI, philosophy, Playboy, Rimmel and Sally Hansen.
For additional information about Coty Inc., please visit www.coty.com
Founded in 2001 by Frederic Cassin, StarAsia Group is a leading regional independent distributor of Beauty Personal Care FMCG brands in Fragrances & Toiletries and Cosmetics & Skincare. The Group is present in seven Asian markets and reaches consumers over 30,000 doors across Asia. StarAsia principals include Coty, P&G, L'Oreal, Clio and Marc Anthony.