Coty is a modern company that has risen to become one of the world s largest and most successful beauty companies with sales of $2.1 billion in 2005. From adidas to Davidoff, from Rimmel to Lancaster, from Celine Dion to Jennifer Lopez, the company boasts a worldwide brand portfolio that spans the three core categories of fragrance, color cosmetics and skincare in the prestige and distribution sectors. Coty is comprised of two divisions, the Lancaster Group, which develops fragrance, color cosmetics and skincare for the prestige sector; and Coty Beauty, which sells its products in mass distribution. Both divisions encompass a strong of distinctive brands, some of which are international bestsellers, while others are leaders in key regional markets in Europe and North America. Coty was established in 1996 and is headquartered in New York.