Coty Inc. is an American-French multinational beauty company founded in 1904 by François Coty. With its subsidiaries, it develops, manufactures, markets, and distributes fragrances, cosmetics, skin care, nail care, and both professional and retail hair care products. Coty owns around 77 brands as of 2018. Corporate overview Coty is one of the world's largest beauty companies and the largest fragrance company, with over $9 billion in revenue for the fiscal year ending in June 2018. Coty acquired 41 beauty brands from Procter & Gamble in 2016, becoming the global leader in fragrance, the second largest company for hair color and styling products, and the third largest company for color cosmetics. The company operates three divisions: Consumer Beauty, which focuses on body care, color cosmetics, fragrances, and hair coloring and styling products; Luxury, for luxury cosmetic, fragrance, and skin care products; and Professional Beauty, which services beauty salon and nail salon professionals. Coty's mission is to "celebrate and liberate the diversity of beauty". The company has approximately 20,000 full-time employees in 46 countries, as of mid 2018. Coty's executive offices are located in London. The Consumer Beauty, Luxury and Professional Beauty divisions are headquartered in New York City, Paris and Geneva, respectively. Peter Harf is Coty's chairman. Pierre Laubies was Coty's CEO, but on June 1, 2020 he was replaced by Harf. Pierre-André Terisse was appointed chief financial officer in January 2019. In July 2020, it was announced that Sue Youcef Nabi will become to company's new chief executive officer. Nabi who has previously served as L'Oréal's executive, is slated to take over the position in September the same year. JAB Holding Company is Coty's largest shareholder, with a 60 percent stake. Brands and products Coty owns approximately 77 brands, as of 2018 and has partnerships with various other brands, including: Adidas Alexander McQueen Balenciaga Bottega Veneta Bourjois Bruno Banani Burberry Calvin Klein Chloé Clairol David Beckham Davidoff Dolce & Gabbana Escada Good Hair Day (ghd) Gucci Hugo Boss James Bond (007 James Bond) Jil Sander JOOP! Katy Perry Kylie Cosmetics (51%) KKW Beauty (20%) Lacoste (fragrances) Marc Jacobs Max Factor Mexx Miu Miu Nautica OPI Products philosophy Rimmel Roberto Cavalli Sally Hansen Stella McCartney Tiffany & Co Vera Wang Wella Coty relaunched the CoverGirl and Clairol brands, including the Nice 'n Easy hair coloring product, in late 2017 and early 2018, respectively. The relaunches included new messaging and product development,