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Bottega Veneta and Coty Inc. Sign a Fragrance License Agreement
Renowned design leader to debut signature scent
PARIS, Dec. 4 /PRNewswire/ -- Bottega Veneta and Coty Inc., a leader in the global beauty industry, announced today the formation of an exclusive partnership to create, develop, and distribute a line of fragrances under the Bottega Veneta name. This will be Bottega Veneta's first fragrance collection.
(Logo: http://www.newscom.com/cgi-bin/prnh/20091204/NY19424LOGO )
Founded in the mid-1960s, Bottega Veneta is one of the world's most prestigious luxury lifestyle brands. Renowned for its sophistication and understated elegance, Bottega Veneta produces handbags, women's and men's ready-to-wear, luggage, and fine jewelry, among other categories. Tomas Maier, the creative force behind the renaissance of Bottega Veneta, has evolved a signature concept of luxury based upon outstanding craftsmanship, innovative design, contemporary functionality, and the highest quality materials.
"The opportunity to create the first Bottega Veneta fragrance is an exciting challenge," said Creative Director Tomas Maier. "I've always loved fragrance and have very definite ideas about what I want to do."
"This partnership with Coty Prestige enables Bottega Veneta to enter the fragrance market in a very strong position, thanks to the unique attributes of both companies," stated Marco Bizzarri, President & CEO, Bottega Veneta.
"Bottega Veneta remains one of the world's premier designer labels and architects of fashion," said Bernd Beetz, CEO, Coty Inc. "Reputed for sophistication and elegance, the dynamic brand is both a natural fit and winning partner for Coty. Coty is excited to join with Bottega Veneta to produce what's sure to be a global sensation."
"Bottega Veneta is one of the most refined and respected Italian luxury houses. They have a unique culture of exclusivity and a constant drive for innovation. Fragrance is a new opportunity for this successful company and we are looking forward to working with them to capture their incomparable style in an olfactive identity," declared Michele Scannavini, President, Coty Prestige.
About Bottega Veneta
Bottega Veneta was founded in Vicenza in 1966. Steeped in the traditions of Italy's master leather craftsmen and long celebrated for its leather goods, it has emerged as a premier luxury brand under the creative direction of Tomas Maier, who joined the company in 2001. Bottega Veneta's famous motto, "When your own initials are enough," expresses a philosophy of individuality and confidence that is at the heart of the company's unique commitment to unsurpassed luxury and craftsmanship.
Distribution of Bottega Veneta products is global, encompassing Europe, Asia, and North America, where wholesale distribution in select specialty and department stores is complemented by a growing number of Bottega Veneta-owned boutiques.
About Coty Inc.
Coty was created in Paris in 1904 by Francois Coty who is credited with founding the modern fragrance industry.
Today, Coty Inc. is a recognized leader in global beauty with annual net sales of nearly $4 billion. Driven by an entrepreneurial spirit, passion, innovation and creativity, Coty Inc. has developed an unrivalled portfolio of notable brands and delivers its innovative products to consumers in 90 markets worldwide.
The Coty Prestige brand portfolio is distributed in prestige and ultra-prestige stores and includes Baby Phat, Balenciaga, Bottega Veneta, Calvin Klein, Cerruti, Chloe, Chopard, Davidoff, Home Skin Lab, Jennifer Lopez, Jette Joop, Jil Sander, JOOP!, Karl Lagerfeld, Kenneth Cole, L.A.M.B. fragrance by Gwen Stefani, Lancaster, Marc Jacobs, Nautica, Nikos, Sarah Jessica Parker, Vera Wang, Vivienne Westwood and Wolfgang Joop.
For additional information about Coty Inc., please visit www.coty.com.
SOURCE Coty Inc.
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