Coty Expanding Further in Asia

Source：Happi Release Date：2013-05-24 542

Personal Care

Coty will acquire StarAsia, a distributor of beauty products in the markets of Southeast Asia . The transaction is expected to close in July 2013.

Coty Inc. will acquire StarAsia, a 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 July 2013. A purchase price was not disclosed.

"The acquisition of StarAsia will provide 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. Following the completion of the acquisition, the existing management team of StarAsia will continue to contribute towards the development of Coty`s business in the region.

The StarAsia acquisition is just the latest in a series of moves that Coty has made in the past 10 days. Eariler, Coty announced it would issue an IPO and two days ago, the company entered Brazil via a JV with Frajo International.

More info: www.coty.com.

Off White X Max 180-90