Global beauty company Coty Inc. was named the Most Innovative Company of 2011 by the Consumer Goods Technology Group, a prestigious group of senior leaders representing the consumer industry. The award was recently presented to Coty and the company will be featured in the December publication of the Consumer Goods Technology Magazine.

CGT Group unanimously awarded Coty with this outstanding achievement following a rigorous review of hundreds of entries. Three of Coty’s products were recognized as being the most innovative: Rimmel Lash Accelerator, for its Lash Growth Technology; Sally Hanson Salon Manicure, for the first encapsulation in nail lacquer; and Sally Hanson Special Effects, for its patented film technology. The recognition is determined by the CGT Group’s Board of Directors, including respected executives from Alberto Culver, P&G, Unilever, Nestle, Accenture, Miller-Coors, Gartner Group, DelMonte Foods, and Rubbermaid.

“Coty is thrilled to accept this prestigious honor,” said Bernd Beetz, CEO of Coty in a statement to the press. “We are humbled to be recognized by a Board of peers who are industry giants in their respective companies. At the helm of this great company for 10 years now, I have seen first-hand the drive and creativity that embodies all those who work at Coty. I am confident that this achievement will propel us even further as we continue strengthening our innovation pipeline and delivering products that consumers love.”