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Hong Kong-based Health & Happiness Group appoints Camillo Pane as CEO, effective Sept. 1, 2023, through Aug. 31, 2026, at annual base salary of US$1.07M; Pane was formerly CEO at Coty and SVP of Global Category Officer Consumer Health at Reckitt Benckiser

Coty CEO observes Gen Z's increased fragrance use is helping keep perfume sales high and beauty category resilient despite squeezed spending; certain groups are 'rediscovering' luxury fragrances, with Gen Z using scent as form of escapism, self-expression

Sustainability Spotlight: In FY22, Coty had a total recordable incident rate of 0.22, implemented external audit for health, safety and environment auditing; Coty added hybrid Omni-Working Policy, allowing employees to work up to 50% of the week remotely

Sustainability Spotlight: In FY22, Coty debuted Covergirl, Sally Hansen bundle to aid blood cancer nonprofit DKMS; Coty Monaco gave over 100,000 personal-care items to France's ADN, while Poland and Germany teams sent hygiene items to Ukrainian refugees

Coty CEO praises early results of Lancaster's ultra-premium Ligne Princiere line in China, alongside brand's flagship store in Hangzhou; CEO says Coty will open more stores in China's luxury locations, enter online platforms such as Tmall, Douyin

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