Companies Who Don't Test on Animals
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COTY INC. (Exact Name of Registrant As Specified in Its Charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (Mark One) ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2018 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 001-35964 COTY INC. (Exact name of registrant as specified in its charter) Delaware 13-3823358 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) 350 Fifth Avenue, New York, NY 10118 (Address of principal executive offices) (Zip Code) (212) 389-7300 Registrant’s telephone number, including area code Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ý No ¨ Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ý No ¨ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. -
Annual Report 2018 Contents 1St 86,000 Cosmetics Group Employees Prospects Worldwide(1) 02 Prospects by Jean-Paul Agon, Chairman & CEO
Annual Report 2018 Contents 1st 86,000 cosmetics group employees Prospects worldwide(1) 02 Prospects by Jean-Paul Agon, Chairman & CEO Strategy 36 150 brands countries 06 Governance · The Board of Directors · The Executive Committee 10 Quality 12 Ethics 26.9 505 14 Responsibility · “Sharing Beauty With All” billion euros patents registered · Citizen Day of sales(2) in 2018 · The L’Oréal Corporate Foundation 18 Human Relations Performance Commitments for 2 4.92 1 Cosmetics Market 24 L’Oréal in figures billion euros in 2020 28 Worldwide advances operating profit “Sharing Beauty With All” 31 Strategic themes Brands 33 Brands overview (1) Source: WWD, Beauty Top 100,May 2018. (2) At 31 December 2018. 34 Consumer Products 38 L’Oréal Luxe 42 Professional Products More exclusive content 46 Active Cosmetics on the digital version Expertise lorealannualreport2018.com 52 Research & Innovation 54 Operations Discover and filter 56 Digital the Annual Report content 58 Administration and Finance Discover the strategic themes of the Annual Report. Use them to filter content and personalise your navigation to find content that matches your interests. The digital version also features more exclusive content, articles, infographics and many videos. Our mission Beauty for All Offering all women and men worldwide the best of cosmetics in terms of quality, efficacy and safety to satisfy all their beauty needs and desires, in their infinite diversity. Our strategy Universalisation L’Oréal has chosen a unique strategy: Universalisation. It means globalisation that captures, understands and respects differences. Differences in desires, needs and traditions. To offer tailor-made beauty, and meet the aspirations of consumers in every part of the world. -
Orange County Convention Center October 9-12, 2014 OVERVIEW
Orange County Convention Center October 9-12, 2014 OVERVIEW The Southern Women’s Show was widely embraced by the Orlando market and received outstanding media exposure. “I had such a great time at the Southern Women’s Show this year. It was such a happy, . Total Ad Campaign: $320,725 positive environment and we did twice the amount of sales as the . PR Impressions: 887,344,116 year before. We will be back next . Attendance: 24,000+ women year for sure.” Chris Lowe, PowerHoopz Fitness DEMOGRAPHICS The 24th annual show attracted thousands of loyal fans throughout the weekend. Mothers, daughters, girlfriends and co- workers from 25-65 years of age, packed the aisles enjoying all the show had to offer. FEATURES AND PROMOTIONS Exciting and educational activities on the stages, special features, celebrity guests and interactive promotions were designed to captivate and attract the target audience. “Orlando Fashion Productions was excited to be part of the Southern Women’s Show. The show brought our company and other participating exhibitors heightened exposure and additional business.” Tina Rodriquez, Orlando Fashion Productions ADVERTISING EXPOSURE “The Southern Women’s Show in Orlando was a huge success for the Daytona Beach Area CVB Exhibit! Traffic was brisk all four days and we distributed over 800 Visitor Guides. We also offered a chance to win a two-night stay at an oceanfront hotel and received over 600 contest entries! Looking forward to next year.” Roxanne Olson, Daytona Beach A six week comprehensive marketing and advertising campaign promoted the show through television, radio and print as well as social media and grassroots efforts. -
Chapter 7: MLM's Abysmal Numbers
7-1 The Case (for and) against Multi-level Marketing By Jon M. Taylor, MBA, Ph.D., Consumer Awareness Institute Chapter 7: MLM’s ABYSMAL NUMBERS Chapter summary a large enough downline to meet expenses, and therefore do not profit. Is MLM a profitable business These conclusions were confirmed in the opportunity? And if so, for whom? Just do the average earnings reports of all 30 MLMs for math – the numbers don't lie. In this and which we were able to obtain data published preceding chapters, you will find the most by the companies themselves. Such statistics rigorous and thorough analysis of MLM are invaluable for analysts to debunk the profitability ever done by an independent many misrepresentations that are told to research firm. Questions about the viability thousands of prospects every day. and profitability of MLM as a business model Failure and loss rates for MLMs are not and its many company manifestations are comparable with legitimate small answered in this and prior chapters – based businesses, which have been found to be on 15 years’ research, worldwide feedback, profitable for 39% over the lifetime of the and analysis of the compensation plans of business; whereas less than 1% of MLM over 350 of the leading MLMs, as well as participants profit. MLM makes even average earnings data, where available. The gambling look like a safe bet in comparison. answers are not pretty. MLM stocks are questionable Our studies, along with those done by investments at best. And like gambling, other independent analysts (not connected to losses from MLM participation should not be the MLM industry), clearly prove that MLM as a allowed as a tax deduction – beyond the business model – with its endless chain of amount of actual income. -
Fall Promotion
PARTICIPATING EXCHANGES: MCX Cherry Point, NC MCX MCRD San Diego, CA MCX Henderson Hall, Arlington, VA MCX Twentynine Palms, CA MCX Camp Lejeune, NC MCX Yuma, AZ MCX Miramar, CA MCX Camp Pendleton, CA MCX Quantico, VA Pre MCX advertising is part of your benefits as a member of the US military family. To opt in or out of receiving mailings or emails, please contact us by going to www.mymcx.com/mailings or Phone: (877) 803-2375. Please visit our web HOLIDAY page www.mymcx. com for additional information about MCX. We Accept These Exchange Visit our website: Gift Cards in the Store & at the Pump OUR ADVERTISING POLICY www.MyMCX.com Not all products are at all locations. Please check with your local exchange. LIKE IT? CHARGE IT! Sale This excludes limited offers and special purchase items not regularly available at your MCX. To maximize stock available to our customers, we may November 12 -17 limit quantities. We are not responsible for printer’s or typographical errors. Beat The Rush! Special catalog pricing effective November 12 - 17, 2015. No additional discounts on advertised items. Selection may vary by location. ©G&G Graphics and Promotions Inc. 0-9654A 55” 99 00 Reg. 11799 2 / 7 4GB97 KINDLE PAPERWHITE 4.33 OZ DELUXE • Higher Resolution Display, CHOCOLATE KISSES with Twice as Many Pixels 99 • Built-in Adjustable Light - Reg. 129999 Read Day & Night 1249 99 • No Screen Glare, COMPARE AT 1399 55” 4K SMART UHD TV Even in Bright Sunlight B00OQVZDJM • IPS Panel • Quad Processor / 120 Hz • Smart WebOS 2.0 / Wi-Fi • 20W Audio Output with ULTRA Surround • 3 HDMI / 3 USB and Multiple Component Inputs 55UF7600 % off Don’t Miss Our Already20 Low MCX Prices % ENTIRE SELECTION 2 Day Specials! GOURMET ENTIRE SELECTIONoff Excludes See’s Candies, 20 YOUR CHOICE WATCHES Godiva Bliss and Pages 5-8 Excludes Brighton and Caramel Gift Box 99 Pre-owned Rolex & Cartier Reg. -
EDITION 2 Yourself a RAISE Upgrade Your Clients to OPI Gelcolor and Earn an Average of £10.00 More Per Manicure Service.*
2017 PRICELIST EDITION 2 yourself a RAISE Upgrade your clients to OPI GelColor and earn an average of £10.00 more per manicure service.* Couple that with OPI’s low cost per service, and we’re talking some serious profitability. * vs. a classic lacquer manicure Did you know you can increase revenue everytime you upgrade clients from a regular manicure to a OPI GelColor manicure? Couple that with OPI's lowest cost per service and we're talking some serious profitability. WELCOME TO THE WORLD OF OPI the professional the opportunity to upgrade your services. OPI enables you to complete every OPI has revolutionised the nail care industry service with exceptional formulas, fashionable since its inception in 1981, combining leading colours, and iconic names. OPI’s heavily- edge technology with an unerring sense of style, pigmented nail lacquers are available in over 200 whilst maintaining an incomparable reputation for shades in a super-rich, long-lasting and chip- excellence and innovation around the world. resistant professional formula. OPI Infinite Shine, available in over 90 shades, is a gel- effect long As the number one salon brand worldwide, OPI wear lacquer, providing rich colour, intense shine is committed to providing premium services with and lasting wear of gels – without the need for high-quality products to support both our salon light curing or soak-off removal. GelColor by customers and their clients. Education is at the OPI, available in over 160 shine-intense shades, heart of OPI and we pride ourselves in working with promises a salon-perfect finish with two-week you, the nail professional, toward the right path for glossy wear. -
This Chart Uses Web the Top 300 Brands F This Chart
This chart uses Web traffic from readers on TotalBeauty.com to rank the top 300 brands from over 1,400 on our site. As of December 2010 Rank Nov. Rank Brand SOA 1 1 Neutrogena 3.13% 2 4 Maybelline New York 2.80% 3 2 L'Oreal 2.62% 4 3 MAC 2.52% 5 6 Olay 2.10% 6 7 Revlon 1.96% 7 30 Bath & Body Works 1.80% 8 5 Clinique 1.71% 9 11 Chanel 1.47% 10 8 Nars 1.43% 11 10 CoverGirl 1.34% 12 74 John Frieda 1.31% 13 12 Lancome 1.28% 14 20 Avon 1.21% 15 19 Aveeno 1.09% 16 21 The Body Shop 1.07% 17 9 Garnier 1.04% 18 23 Conair 1.02% 19 14 Estee Lauder 0.99% 20 24 Victoria's Secret 0.97% 21 25 Burt's Bees 0.94% 22 32 Kiehl's 0.90% 23 16 Redken 0.89% 24 43 E.L.F. 0.89% 25 18 Sally Hansen 0.89% 26 27 Benefit 0.87% 27 42 Aussie 0.86% 28 31 T3 0.85% 29 38 Philosophy 0.82% 30 36 Pantene 0.78% 31 13 Bare Escentuals 0.77% 32 15 Dove 0.76% 33 33 TRESemme 0.75% 34 17 Aveda 0.73% 35 40 Urban Decay 0.71% 36 46 Clean & Clear 0.71% 37 26 Paul Mitchell 0.70% 38 41 Bobbi Brown 0.67% 39 37 Clairol 0.60% 40 34 Herbal Essences 0.60% 41 93 Suave 0.59% 42 45 Dior 0.56% 43 29 Origins 0.55% 44 28 St. -
The Business and Trade of Ahava – an Update
The Business and Trade of Ahava – An Update August 2013 The following update reveals valuable new information discovered by Who Profits: additional companies in Ahava's supply chain, natural resources from occupied territories and new EU funded research projects. In May 2012, Who Profits published a comprehensive report about the business and trade of Ahava – Dead Sea laboratories. The private Israeli cosmetic company is located in Mitzpe Shalem settlement in the occupied Jordan Valley, where it manufactures its products and exports them to more than 25 countries around the world. Natural resources from occupied territories: The Mud As Who Profits' report revealed (p. 25-30), Ahava exploits Palestinian natural resources by operating an excavation site in the occupied territory, on the shores of the Dead Sea, from which it extracts mud for its products. The Israeli civil administration confirmed that Ahava holds a license to operate a mud excavation site from the occupied area of the Dead Sea.1 Ahava has been operating this excavation site since 2004 and it is the only company licensed to do so. The mud is used by Ahava in its mud product (photo no. 1), marketed world-wide. In a research tour conducted by Who Profits in April 2013, we spotted Ahava's mud, excavated from occupied territories, stored in the company's production site in Mizpe Shalem settlement, as presented Photo no. 1: Ahava's mud products | Ahava's visitors in photo no. 2. Photo no.3 presents empty barrels for mud excavation. center, Mitzpe Shelem settlement | Who Profits | April 2013 1 Letter to Coalition of Women for Peace from the Israeli Civil Administration, 17 May 2011. -
Estee Lauder 2006 Annual Report
THE EST{E LAUDER COMPANIES INC 2006 ANNUAL REPORT CONTENTS 02 Portfolio of Brands 10 Chairman’s Message 11 Chief Executive’s Review 34 Board of Directors 35 Officers 36 Financial Highlights 37 Selected Financial Data 38 Consolidated Statements of Earnings 39 Management’s Discussion and Analysis of Financial Condition and Results of Operations 58 Consolidated Balance Sheets 59 Consolidated Statements of Stockholders’ Equity and Comprehensive Income 60 Consolidated Statements of Cash Flows 61 Notes to Consolidated Financial Statements 87 Management’s Report on Internal Control Over Financial Reporting 88 Report of Independent Registered Public Accounting Firm on Internal Control Over Financial Reporting 89 Report of Independent Registered Public Accounting Firm 90 Stockholder Information THE EST{E LAUDER COMPANIES INC. The Estée Lauder Companies Inc. is one of the world’s leading manufacturers and marketers of quality skin care, makeup, fragrance and hair care products. The Company’s products are sold in over 130 countries and territories under well-recognized brand names, including Estée Lauder, Aramis, Clinique, Prescriptives, Lab Series Skincare for Men, Origins, Tommy Hilfiger, M.A.C, Kiton, Bobbi Brown, La Mer, Donna Karan, Aveda, Jo Malone, Bumble and bumble, Michael Kors, Darphin, Rodan + Fields, Donald Trump The Fragrance, American Beauty, Flirt!, Good Skin, Grassroots, Sean John Fragrances, Missoni and Daisy Fuentes. THE AMERICAS — The Company was founded by Estée Lauder in 1946 in New York City. In fiscal 2006, the Americas region represented 53% of net sales and 42% of operating income. EUROPE, THE MIDDLE EAST & AFRICA — Our first international door opened in 1960 in London. In fiscal 2006, Europe, the Middle East & Africa represented 33% of net sales and 47% of operating income. -
Beauty Brand Makeover Tips What Drives Value in M&A?
! Beauty Brand Makeover Tips What drives value in M&A? Tim Leach Baylor Klein Ltd. 1! 1. Introduction 2. The M&A market in Beauty 3. How it works 4. Makeover Tips 5. Stories 6. Market trend and outlook 7. Baylor Klein Agenda 2 ! The global M&A market in Beauty • 348 deals globally since 2011, 38 in the UK • Bumper years in 2015 and 2016 • 60% Trade buyers, 40% PE investors • Swings between Mass / Masstige and Professional / Prestige • 31% Skin, 21% Hair and 19% Colour cosmetics 3! 3 ! Valuations rising for Trade vs PE net sales multiples 2010-17 4.0 x both Trade and PE 3.5 x buyers 3.0 x 2.5 x 2.0 x Trade Net salesmultiple PE 1.5 x 1.0 x 0.5 x - 2011 2012 2013 2014 2015 2016 2017 54! ! Every cosmetic deal has a price! EBITDA Net sales Year Target Acquirer Trade / PE Price point Sales growth EV ($'m)! margin multiple 2017 Carver Korea Unilever Trade Masstige High High 2,818 7.1 x 2016 IT Cosmetics L'Oréal Trade Prestige High High 1,200 6.6 x NYX 2014 L'Oréal Trade Masstige High High 500 5.4 x Cosmetics Too Faced 2016 Estée Lauder Trade Prestige High High 1,450 5.4 x Cosmetics Essie 2010 L'Oréal Trade Prestige High High 100 3.5 x Cosmetics Too Faced General 2015 PE Prestige High Med 500 3.3 x Cosmetics Atlantic 2010 OPI Products Coty Trade Professional High High 950 3.2 x Bare 2010 Shiseido Trade Prestige High High 1,700 3.1 x Escentuals 2010 Smashbox Estée Lauder Trade Prestige Med Med 150 3.1 x 2017 Illamasqua The Hut Group Trade Prestige Med Med 35 2.8 x Too Faced Weston 2012 PE Prestige High Med 170 2.8 x Cosmetics Presidio Capital BECCA 2016 Estée Lauder Trade Prestige High High 200 2.5 x Cosmetics Urban Decay 2012 L'Oréal Trade Prestige Med Med 300 2.3 x Cosmetics Tarte Kose 2014 Trade Prestige High Med 144 2.1 x Cosmetics Corporation e.l.f. -
12 Ugly Truths Behind the Myth of Cosmetic Safety
53956X 4/22/06 7:54 AM Page 1 11. COSMETICS COMPANIES MAKE PRODUCTS AT BOTH HERE’S WHAT YOU CAN DO. 11.ENDS OF THE SAFETY SCALE. 1. LEARN MORE, TAKE ACTION: Visit www.SafeCosmetics.org Of the more than 200 mascaras on the Skin Deep website, • Choose Safer Products Now. Visit our partner Environmental Maybelline Illegal Lengths Washable Mascara is ranked as the Working Group’s Skin Deep database, the world’s largest highest-concern mascara. Maybelline is owned by the French com- searchable database of ingredients in cosmetics. Find out if pany L’Oreal, which also makes L’Oreal Waterproof Voluminous your favorite products contain hazardous chemicals and find Volume Building Mascara, ranked as one of the safer mascara safer alternatives. products. Another industry giant, Estee Lauder, makes the bubble • Give the Cosmetics Companies a Makeover. Sign our peti- baths of highest concern, Sea Plunge Calming Soak and White tion to the cosmetics industry, it’s an easy way to let the Linen Bath and Shower Gel, but also makes the low-concern Aveda big companies know you want safe products. Energizing Composition bubble bath. • Stay Informed and Take Action Locally! Get the latest news One large company often makes many brands, about the campaign, find out if your favorite company has sometimes producing different brands in the same pledged to make safer products, join the Safe Cosmetics factory. Estee Lauder-branded products have an Action Network, download an action kit and learn how you overall Skin Deep ranking of 4.1. But other Estee THE TRUTH CAN ALSO BE BEAUTIFUL. -
Offers and Special Purchase Items Not Regularly Available LIKE IT? CHARGE IT! at Your MCX
PARTICIPATING EXCHANGES: MCX Camp Pendleton, CA Beauty, Bath, Body, MCX Albany, GA MCX Quantico, VA Fragrance and Skincare MCX Cherry Point, NC MCX MCRD San Diego, CA MCX Elmore, Norfolk, VA MCX Twentynine Palms, CA MCX Henderson Hall, Arlington, VA MCX Yuma, AZ MCX Iwakuni, Japan MCX Kaneohe Bay, HI MCX Camp Lejeune, NC EVENTS MCX Miramar, CA MCX Parris Island, SC MCX advertising is part of your benefits as a member of the US military family. To opt in or out of receiving mailings or emails, please contact us by going to www.mymcx.com/mailings or Phone: (877) 803-2375. Please visit our web page www.mymcx. com for additional information about MCX. We Accept These Exchange Visit our website: Gift Cards in the Store & at the Pump OUR ADVERTISING POLICY www.MyMCX.com Not all products are at all locations. Please check with your local exchange. This excludes limited offers and special purchase items not regularly available LIKE IT? CHARGE IT! at your MCX. To maximize stock available to our customers, we may limit quantities. We are not responsible for printer’s or typographical errors. Special catalog pricing effective April 6 - 17, 2016. No additional discounts on advertised items. Selection may vary by location. G & G Graphics and Promotions, Inc 0-9703 GlamO NEW Rama CALVIN KLEIN ck2 The thrill of life. A new scent for #the2ofus. ck2 – the new April 6-17 fragrance to be shared by him or her. 1.0 oz $3200 COMPARE AT $4000 NEW! $10 HOT GLAM BUYS! 1.7 oz VENDOR EVENTS • FREE GIVEAWAYS • REGISTER TO WIN BASKETS $4400 COMPARE AT $5500 3.4 oz $6000 COMPARE AT $7500 SAVE ALL 12 DAYS! Pocket Spray APRIL 6 - 17 $1600 COMPARE AT $2000 Rollerball % % $1450 $ 00 off off COMPARE AT 18 10 15 YOUR PURCHASE OF YOUR PURCHASE OF $50 AND HIGHER $100 AND HIGHER This coupon may be used more than once! Valid April 6-17, 2016.