May 22, 2013
, 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
) 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
region," said Mr.
, 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
and a strong track record of growth," said Mr.
, 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
About Coty Inc.
Coty is an emerging leader in global beauty with net revenues of
for the fiscal year ended
June 30, 2012
. Founded in
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
For additional information about Coty Inc., please visit
Founded in 2001 by
, 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
. StarAsia principals include Coty, P&G, L'Oreal,
Clio and Marc Anthony
SOURCE Coty Inc.