US-based beauty products manufacturer Coty has entered into a joint venture with UAE-based luxury goods distributors Chalhoub Group and Jashanmal to form a new entity Coty Distribution Emirates LLC, aimed at strengthening Coty’s footprint and go-to market capabilities in the UAE.
According to a statement from Coty, the joint venture, which was developed in connection with Coty’s long standing partnership with the Chalhoub Group, will also allow the company to consolidate the distribution of its products and ensure a cohesive marketing strategy throughout this key market.
"The UAE has enjoyed steady growth over the past decade and is a key emerging market for Coty and the beauty industry. Both Chalhoub and Jashanmal have proven to be exceptional partners to Coty in the Middle East and through our new joint venture, we look forward to further growing our business in this important market," says Michele Scannavini, CEO of Coty Inc.
"We are very pleased to extend our long term relationship with Coty, a partnership which has benefitted both of our businesses greatly. We are confident that through this joint venture we will reinforce our collaboration while answering to the market and consumer needs in the region," says Patrick Chalhoub, CEO of Chalhoub Group.
"We have experienced a successful partnership with several of the Coty owned brands over the years and are now pleased and honoured to be part of this joint venture with the parent company," adds Tony Jashanmal, executive director of Jashanmal.
Founded in Paris in 1904, Coty is a pure play beauty company with a portfolio of fragrances, colour 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.
How much technology is too much technology? Tech has inevitably become asApril 15, 2021 | By Shruthi Nair
According to a report by the United Nations, the fashion industry accountsFebruary 18, 2021 | By Shruthi Nair
UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand
Locally owned supermarket Spinneys celebrates 60 years of doing business in the
UAE-based Carrefour will become the first retailer in the region to offer new levels
The Organic Farmers’ Market is back in Bay Avenue for its 12th
UAE-based Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah,
Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones
UAE-based Al Maya Supermarkets is hosting a two-week food festival at select
Locally-owned supermarket Spinneys has launched its ‘Power of Plants’ initiative in the
Carrefour UAE has launched “Cookit Yourself” — a curated recipe box created
UAE-based Al Islami Foods, one of the largest frozen food companies in
Marks & Spencer’s plant-based range now offers over 25 vegan products including meat-free
World’s largest fully integrated online brand in fresh fish and meat e-commerce
Laundry brand, Ariel Middle East is bringing their second pop up Pod
Mamaearth, Asia’s first MADE SAFE-certified brand, which offers 100 per cent toxin-free
UAE-based retailer Apparel Group has donated 6,000 pairs of Skechers shoes to
San Francisco-based make-up brand and part of LVMH, Benefit Cosmetics and Tiny
Home-grown beauty Huda Beauty appoints Nathalie Kristo as global CEO. Huda Kattan
UAE-based retail conglomerate Al -Futtaim signs franchise agreement with A.S. Watson Group,
“Brands reliant only on mall traffic might suffer,” emphasises Mouna Abbassy, founder
Luxury beauty brand Faces was prepared for the storm, which came in
Kuwait-based digital fitness start-up, HOT Technologies has successfully closed a $1.1 million
The Middle East beauty and skincare sector is on the road to
Saudi Arabia-based e-commerce beauty brand, Golden Scent has seen exponential growth in