Get The Look: NYFW - Christian Cowan Nail Designs
For Christian Cowan’s Spring/Summer 2027 collection, the designer drew inspiration from classic feminine silhouettes, reimagined with a cool edge and unexpected textures.
by Anne Moratto
Coty Announces Intent to Explore Strategic Options for Professional Beauty
The announcement will not impact the continuity of the Professional Division’s work and the collaboration with its customers and partners.
by Staff
October 29, 2019
2 min to read
Coty recently announced that the Company will focus more intently on its fragrance, cosmetics and skin care businesses and is launching a process to explore strategic alternatives for its professional beauty business, including a divestiture.
Coty’s Professional Beauty business is globally #2 in the professional beauty industry with a unique brand portfolio across hair and nail color including brands such as Wella, Clairol, OPI and ghd. It’s the partner of choice of 250,000 hair & nail salons in over 100 countries. The division is operationally distinct, with its own management and stand–alone business structure.
“Over the past three years with Coty, we have managed to improve substantially our profitability, consolidate our business and position ourselves on strong foundations for further growth. I am proud of what we have accomplished and I am honored to continue to lead this business,” said Sylvie Moreau, President of Global Coty Professional Beauty.
“We will remain focused on serving our customers with excellence and look forward to taking our and their businesses to the next level,” said Sennen Pamich, President of Coty Professional Beauty North America.
Pamich noted that the announcement will not impact the continuity of the Professional Division’s work and the collaboration with its customers and partners. He added, “Coty Professional North America will remain committed to deliver the highest quality services and products for the hair and nail professional industry.”
Pierre Laubies, Chief Executive Officer of Coty, said, “The Professional Beauty teams have done an incredible job over the past three years in creating a strong business platform. This has put us in the favorable position we are in today, where new ownership will unlock significant value for Coty shareholders and help take the business to the next level of growth.”
Originally posted on Modern Salon
More In The Know
MelodySusie 17th Anniversary: Celebrating Every Nail Creation, Inspiring Story, and Fearless Step
MelodySusie is celebrating its 17th anniversary. It is a time to celebrate another year of growth, another year of innovation, and another chapter of the journey we've shared with nail lovers around the world. From first-time nail enthusiasts and bold creators to professionals turning passion into a career, we’re grateful for every person and community who has made nail artistry their own.
Sponsored by MelodySusie
Announcing the MODERN SALON 100 Class of 2026
Join us in congratulating this year's list of hardworking, game-changing individuals.
Premiere San Antonio Returns as a Must-Attend Beauty Trade Show in the Southwest
Premiere San Antonio Presented by SalonCentric returns for its fourth edition August 30-31 at the Henry B. González Convention Center, delivering its biggest and boldest event to date.
by Anne Moratto
MODERN SALON Boot Camp Is Coming to Philadelphia
One-Day Personal and Professional Development Education Event for Beauty Professionals Set for October 25, 2026, at the Hilton Philadelphia City Avenue.
by Anne Moratto
Reddit Releases Its First Beauty-Specific Report: Conversations Around Beauty, Hair, Nail, and Skincare
According to the report, people are moving away from copy-paste trends and toward community, using real experiences to develop a sense of taste and beauty that reflects who they are.
by Anne Moratto
Owners of Nationwide Nail Salon Business Made More Than $116 M in Unreported Cash Payments
A Texas man and woman pleaded guilty on Monday to operating a significant under-the-table cash payroll at their nationwide nail salon business.
by Anne Moratto
Nail Tech Event of the Smokies Celebrates 19 Years in Gatlinburg
The nails-only trade show welcomed 700 beauty professionals for education, shopping, networking and one unforgettable Smokies surprise.
by Staff
OPI Is Bringing Back Fan Favorites:
Some OPI nail colors became such classics that fans clamored for their return. And OPI--as always--paid attention to what clients and nail professionals were asking for.
by Anne Moratto
In Dubai, Clients Visit the Salon Every Week. Here’s What That Market Can Teach You
In Dubai, a salon visit isn’t an appointment. It’s a weekly routine, and clients can spend $800 to $1,400 a month on it, according to Gaurav Tripathi of MADI International. On October 6-8, 2026, the market behind those numbers opens its doors as Beautyworld Dubai marks its 30th edition at the Dubai World Trade Centre, bringing together distributors, brands, stylists and salon owners from all over the world.
Sponsored by BeautyWorld Dubai