The Commission for the Protection of Competition received a notification of a proposed concentration, concerning the acquisition of assets regards to Burberry products by Coty Inc., through Coty Geneva Sarl Versoix.
Coty Inc. is a company duly registered under the Delaware Laws of US and engaged in the manufacture of cosmetics. The Coty Inc. belongs to the Coty group that produces, promotes, sells and distributes branded products including perfumes, cosmetic dyes, hair care products, as well as skin and body care products.
The Coty Geneva Sarl Versoix is a company duly registered under the laws of Switzerland and is a subsidiary of Coty Inc.
Target in this concentration is the grant of a license for a specific range of cosmetic products promoted under the Burberry brand, including perfumes, colognes, skin, body and facial care products, makeup and room fragrance.