Coty appoints Nadège Vignaud as new Managing Director for France
Coty has promoted Nadège Vignaud as its new Managing Director for France, following the termination of its collaboration with the SKKN.
FRANCE – Coty Inc., an American multinational beauty company, has appointed Nadège Vignaud as the new Managing Director of Coty France, effective immediately.
She takes over from Mathieu Dufresne, who assumed leadership of Coty’s operations in China several months ago.
As the Managing Director of Coty France, Nadège Vignaud will oversee the operations of Coty’s French subsidiary, which includes managing a portfolio of iconic brands, including Chloé, Burberry, and Boss.
Vignaud joined Coty in 2019 as the Global Consumer & Market Insights Director for the Luxury Division and has since held several senior positions, including Vice President of Global Commercial Strategies, Portfolio, and Business Development.
Nadège stated, “Coty has a rich 120-year history, rooted in Paris as a fragrance pioneer.”
“I look forward to leading the Coty France team and helping accelerate our growth.”
For the time Nadege has been at Coty, she has been instrumental in developing our global commercial strategy for the Prestige division, enhancing retailer relationships, streamlining portfolio management, and advancing operational excellence in Prestige innovation.
Before joining Coty, Vignaud held key roles across the industry, including Head of Cosmetics Purchasing at Harvey Nichols in Doha from 2016 to 2018 and Head of Marketing at Nestlé France.
Coty recently reported its financial results for Q2 FY25, posting net revenue of USD 1.669 billion, a 3% decline compared to the same period in the previous year.
The operating income reported was USD 268.2 million, with net income dropping to USD 20.4 million from USD 177.6 million last year.
Adjusted net income fell to USD 98.8 million from USD 229.1 million.
The Consumer Beauty segment saw operating income rise to USD 64.1 million, despite an 8% revenue decline driven by foreign exchange impacts and lower sales in color cosmetics and body care, partially offset by gains in mass fragrance.
Meanwhile, the company officially concluded its collaboration with the SKKN by Kim brand by selling its 20% stake to SKIMS.
Coty initially invested in SKKN beauty business in 2020, completing the transaction for USD 200 million in 2021.
This decision reflects Coty’s commitment to evaluating and optimizing its diverse portfolio to drive growth across key categories such as fragrance, skincare, and color cosmetics.
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