Coty Creates Subsidiary In South Africa

Cosmetics company Coty Inc. established a wholly owned subsidiary in South Africa to directly manage its operations in South Africa and 13 other countries in Africa. Formed through a strategic partnership with long-term partner Indigo Brands Proprietary Ltd., a subsidiary of AVI Ltd., the subsidiary has enabled Coty to gain Indigo and other AVI business units as its exclusive manufacturer, distributor, and marketer of Coty brands in the country. Also, the agreement will give Coty increased financial freedom to promote its products and expand its presence in the region.