Marc Jacobs and Coty Expand License Partnership to Beauty
August 21 2023 - 04:30PM
Business Wire
- Long-standing partners with Fragrance, Coty Inc. and Marc
Jacobs add Beauty to the agreement
- Coty’s license with Marc Jacobs now extends for over 15
years
In a return to the beauty space, Marc Jacobs International has
signed an expanded long-term license agreement with Coty Inc.
(NYSE: COTY) that will bring Marc Jacobs Beauty into its iconic
portfolio. One of the world’s largest beauty companies across
fragrance, color cosmetics, and skin and body care, Coty Inc. has
long held the license for Marc Jacobs Fragrances.
Sue Nabi, Coty’s CEO, said: “The expansion and extension of our
longstanding agreement with the house of Marc Jacobs, now in its
20th year, is a testament to the enduring success of our
partnership and the brand’s limitless potential. Through its
partnership with Coty, Marc Jacobs’ Fragrances have achieved great
success, growing to become one of the top 10 female fragrances
world-wide, thanks to the iconic Daisy Marc Jacobs and
Perfect Marc Jacobs franchises. The revival of Marc Jacobs’
cosmetic portfolio, now in partnership with Coty, is eagerly
anticipated by consumers around the world who have been campaigning
for its return. This agreement reinforces Coty’s position as a
go-to partner for global fashion houses and brands that share our
ambition of creating leading beauty portfolios.”
“Marc and I are pleased to add one of the most exciting
categories of the Marc Jacobs brand, to our long-successful
partnership with Coty,” said Marc Jacobs International CEO, Eric
Marechalle. “Bringing Marc’s creative vision to life, in its
entirety, is our constant goal, and Beauty plays a crucial role in
delivering that to our consumers. The loyal fans of Marc Jacobs
Beauty, who have been enthusiastic in their wishes for its return,
speak not only to Marc’s unwavering cultural relevance but also to
the importance of aligning with a partner that shares our values
and commitment. It is without question that Coty has proven to be
the team to bring Marc Jacobs Beauty to new heights.”
Marc Jacobs Beauty, which originally launched in 2013 in
partnership with Kendo Brands, quickly achieved notoriety among
fashion-forward consumers. A favorite of celebrity make-up artists,
innovative formulas and iconic advertising campaigns led to a
cult-following throughout the partnership, which came to an end in
late 2021.
The Daisy Marc Jacobs fragrance remains one of the
brand’s biggest achievements to date. In 2018, it was the
fastest-growing franchise among the Top 10 Women’s Fragrances in
the U.S. and continues to be No. 6.
An expression of optimism and originality, Perfect Marc
Jacobs embodies Marc Jacobs’ personal mantra: 'I am perfect as
I am.' In 2020, it became the biggest Prestige fragrance launch
across the U.S., U.K., Canada, and Australia. Recognized at the
2021 U.S. Fragrance Foundation Awards, Marc Jacobs Perfect Eau
de Parfum won in three of the foundation’s most prestigious
categories: 'Consumer Choice - Women's Prestige of the Year,'
'Prestige/Popular - Packaging of the Year,' and 'Media Campaign of
the Year – Women’s.'
The essence of the Marc Jacobs brand, which celebrates
diversity, inclusivity, self-love, and self-acceptance, seamlessly
aligns with Coty’s values, providing a natural foundation for the
next phase of this relationship.
Similarly, amplifying Marc Jacobs’ e-commerce footprint will be
a shared strategic priority. With the recent opening of the brand’s
flagship store on LazMall – the leading e-retailer in the promising
Southeast Asia region – Marc Jacobs is delivering exceptional
beauty experiences to over 90 million consumers.
About Marc Jacobs International Marc Jacobs International
was founded in New York City, in 1984. The following year, Jacobs
received the distinct honor of being the youngest designer ever to
be awarded the fashion industry’s highest tribute: The Council of
Fashion Designers of America (CFDA) Perry Ellis Award for New
Fashion Talent.
With stores across the globe, Marc Jacobs International includes
RTW and accessories, kids wear, multiple award winning fragrances
and the bookstore Bookmarc. www.marcjacobs.com
About Coty Inc. Founded in Paris in 1904, Coty is one of
the world’s largest beauty companies with a portfolio of iconic
brands across fragrance, color cosmetics, and skin and body care.
Coty serves consumers around the world, selling prestige and mass
market products in approximately 126 countries and territories.
Coty and our brands empower people to express themselves freely,
creating their own visions of beauty; and we are committed to
protecting the planet.Learn more at coty.com or on LinkedIn and
Instagram.
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version on businesswire.com: https://www.businesswire.com/news/home/20230821481626/en/
Investor Relations Olga Levinzon, +1 212 389-7733
olga_levinzon@cotyinc.com
Media Antonia Werther, +31 621 394495
Antonia_Werther@cotyinc.com
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