NEW YORK, Sept. 26, 2011 /PRNewswire/ -- Coty Inc., a leading global beauty company, is being honored as the Most Innovative Company of 2011 by the renowned Consumer Goods Technology (CGT) Group.
The CGT Group – a prestigious group of senior leaders representing the Consumer Industry – unanimously awarded Coty with this outstanding achievement following a rigorous review of hundreds of entries. Three of Coty's products were recognized as being the most innovative: Rimmel Lash Accelerator, for its Lash Growth Technology; Sally Hanson Salon Manicure, for the first encapsulation in nail lacquer; and Sally Hanson Special Effects, for its patented film technology.
The recognition is determined by the CGT Group's Board of Directors, including respected executives from Alberto Culver, P&G, Unilever, Nestle, Accenture, Miller-Coors, Gartner Group, DelMonte Foods, and Rubbermaid.
"Coty is thrilled to accept this prestigious honor," said Bernd Beetz, CEO of Coty. "We are humbled to be recognized by a Board of peers who are industry giants in their respective companies. At the helm of this great company for 10 years now, I have seen first-hand the drive and creativity that embodies all those who work at Coty. I am confident that this achievement will propel us even further as we continue strengthening our innovation pipeline and delivering products that consumers love."
"These products and their subsequent recognition are the result of great team work as we drive our innovation process to new levels," said Ralph Macchio, Sr. Vice President, Global Research & Development and Chief Scientific Officer. "The science behind Coty's product portfolio uniquely reflects the team's successful response to the evolving demands of consumer habits and retail trends. We are all very excited to be recognized for our strong innovation performance in a highly competitive marketplace."
The award was recently presented to Coty and the company will be featured in the December publication of the Consumer Goods Technology Magazine.
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 unrivaled 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 Balenciaga, Bottega Veneta, Calvin Klein, Cerruti, Chloe, Chopard, Davidoff, Jennifer Lopez, Jil Sander, JOOP!, Karl Lagerfeld, Kenneth Cole, Gwen Stefani, La Voce by Renee Fleming, Lancaster, Marc Jacobs, Nikos, philosophy, Sarah Jessica Parker, Vera Wang, Vivienne Westwood and Wolfgang Joop.
The Coty Beauty brand portfolio is more widely distributed and includes adidas, ASTOR, Baby Phat, Beyonce Knowles, Celine Dion, Chupa Chups, David and Victoria Beckham, Esprit, Exclamation, Faith Hill, GUESS?, Halle Berry, Heidi Klum, Jovan, Kate Moss, Kylie Minogue, Lady Gaga, Manhattan, Manhattan Clearface, Miss Sporty, Nautica, N.Y.C. New York Color, Nicole by OPI, OPI, Pierre Cardin, Playboy, Rimmel, Sally Hansen, Stetson, Tim McGraw, TJoy and Tonino Lamborghini.
Coty and Puig Fashion and Beauty S.L. have a strategic partnership for the distribution of the perfume lines of Antonio Banderas, Carolina Herrera, Nina Ricci, Prada, Paco Rabanne and Shakira in the United States and Canada.
For additional information about Coty Inc., please visit www.coty.com.
SOURCE Coty, Inc.