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TheStreet Open House

Coty Inc. And Enrique Iglesias Sign Fragrance Partnership

NEW YORK, Jan. 27, 2014 /PRNewswire/ -- Leading global beauty company Coty Inc. (NYSE:COTY) announced today a partnership with internationally renowned singer and songwriter Enrique Iglesias to develop his own line of signature fragrances.

(Photo: http://photos.prnewswire.com/prnh/20140127/NY52854)

Enrique Iglesias remains one of the best-selling artists in history, with sales exceeding 100 million albums worldwide. He has also had five top 5 singles on the Billboard Hot 100, with two reaching the top spot, as well as 13 number-one hits on the Dance chart—the most ever for any male performer. Moreover, he has an impressive total of 71 number-one hits across all Billboard charts. He also is the record holder for most Spanish language singles to hit number one on the Hot Latin Tracks chart, producing 23 in total.

" Enrique Iglesias is without question one of the most inspiring and talented artists in modern music," said Michele Scannavini, CEO, Coty Inc. "We look forward to translating Enrique's passion, authenticity and energy into a fragrance powerhouse."

"I'm confident that together with Coty's expertise I'll be able to create a fragrance that's attractive to everyone, in particular to my fans. I hope it gives them confidence and makes them feel empowered," said Iglesias.

"We are thrilled to partner with the talented Enrique Iglesias," said Renato Semerari, president, Coty Beauty. "This partnership provides us with a great opportunity to expand our business in emerging markets, particularly in Brazil, the world's largest fragrance market, as well as in our other key fragrance markets."

The House of Enrique Iglesias is expected to release its first fragrance in the summer of 2014.

About Coty Inc.Coty is a leading global beauty company with net revenues of $4.6 billion for the fiscal year ended June 30, 2013. Founded in Paris 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 and Sally Hansen.

About Enrique Iglesias Enrique Iglesias has sold more than 100 million albums worldwide, released nine studio albums plus two greatest hits compilations, and is a multi-platinum artist in almost every country around the world. Undeniably the biggest Latin recording artist in music history, Enrique has 24 #1 singles on the Billboard Latin Songs Chart, as well as multiple #1 singles across the Billboard charts, with a combined total of 71 #1 charted positions. With 13 #1 Dance Club Songs, Enrique became king of the chart, taking the crown from Michael Jackson for the most #1's in Billboard history. Enrique's last album Euphoria boasts six #1 hit singles and has sold more than 18 million songs. Since 2011, Enrique has sold out arenas in 109 major cities around the world, spanning across five continents, selling over 1.4 million tickets and landed the "Euphoria Tour" the #1 tour, twice, on Billboard's Hot Tours list. Enrique has been celebrated with just about every award an artist can receive, including multiple Grammy's for his recordings, Billboard awards for sales, and ASCAP honors for writing. For more information visit: www.enriqueiglesias.com

SOURCE Coty Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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