Coty Acquires Kenneth Cole and Marc Jacobs Fragrances from LVMH

Coty Inc. has signed a contract to acquire the fragrances licenses of Kenneth Cole and Marc Jacobs from LVMH. Details of the transaction have not been disclosed. Lancaster Group, the prestige division of Coty, will manage the Kenneth Cole and Marc Jacobs licenses.

Kenneth Cole Productions introduced its first fragrance in September 2002 with the successful launches of Kenneth Cole New York Men and Women. September 2003 will mark the 20th anniversary of Kenneth Cole Productions. In 2001, Marc Jacobs introduced his first women’s fragrance, the award winning Marc Jacobs Perfume, followed in 2002 by Marc Jacobs Men.

Bernd Beetz, chief executive of Coty Inc., said, “We are pleased to become partners with two of the most exciting names in the fashion industry. The licenses provide us with strong growth opportunities for our ‘American Luxury Brand Unit’ within Lancaster Group.”