Coty has announced the creation of its new prestige division, Coty Prestige. The division comprises the former Lancaster Group and Unilever Cosmetics International.

Jean Mortier has been appointed senior vice president, commercial to lead the sales organization of Coty Prestige Worldwide.  Mortier comes to Coty through the recent acquisition of Unilever Cosmetics International.  Mortier, based in Europe, reports to Michele Scannavini, president of the Coty Prestige division.

Bob Cankes has been appointed president of Coty Prestige North America, which now encompasses both the Lancaster portfolio and the brands acquired from Unilever, including Calvin Klein, Vera Wang and Cerruti.

To better meet the needs of retailers in a fast changing environment, Coty is creating two prestige sales divisions within the United States. The Prestige Department Stores division will be led by Dominic Pisani, senior vice president, sales.  Sales will be divided into five geographic regions. Based on the evolution of its brand portfolio, Coty is also establishing the Specialty Stores     The Prestige & Collections International department of L’oréal’s Luxury Products Division has signed a license agreement with Diesel, based in Molvena, Italy. The contract covers the creation of a line of fragrances.

Diesel is a popular brand among 18-35 year-olds, and is known for its original take on jeans and high-end casualwear. Diesel is present in 80 countries. “The agreement with Diesel fits our strategic aim of consolidating our position as world leader in fragrances, and perfectly complements our existing brand portfolio.

“The Diesel brand, with its appeal to young people worldwide, represents a tremendous opportunity for growth for L’Oréal’s Luxury Products Division and brings in a new alternative to classical luxury brands,” says Marc Menesguen, president of the Luxury Products Division of L’Oréal.

More information: www.diesel.com