Coty’s impressive fragrance portfolio includes Marc Jacobs.

According to recent reports at press time, Coty is moving closer to an initial public offer, with $700 million expected to be raised in this regard. The filing is expected to come within the next couple of months. Coty first sought to be listed publicly last May then postponed its IPO plans. The original IPO move followed a $10.7 billion hostile bid for Avon Products. Coty holds an impressive portfolio of celebrity and designer fragrance, color cosmetics and skin care brands.

Meanwhile, Coty has added Olivier Goudet, partner/CEO of the Joh. A. Benckiser (JAB) Group, to its board of directors. JAB is a privately held group that owns and invests in premium brands; it is also Coty’s majority shareholder. Goudet replaces Bernd Beetz, who stepped down from Coty’s board to pursue other interests. Beetz was chief executive officer of Coty from 2001 to 2012 and previously headed the perfumes and cosmetics business at LVMH. He is slated to join the board of Douglas Holding AG, the Germany-based parent of the Douglas Group, which holds retail properties including Douglas Perfumeries.