COTY
Wednesday 02/10, 2019 – 10:00-11:00
350 fifth ave. between 33rd and 34 st, 17 floor New York
Partners of interview: Pierre Guitton
Participants: Sabrina Schlisch-Hofmann, Diana-Maria Norz, Dzemil Spahic, Matthias Deuerling
Transcript writer: Matthias Deuerling
About the company
COTY was founded in 1904 and is engaged in the production of perfume and cosmetic products. The company is headquartered in New York and has a turnover of 9.4 billion dollars.
What was impressive?
When we entered the building, we realized we were in the Empire State Building. It had an impressive flair and we were very warmly welcomed by Mr. Guitton. The company is about to launch the first sustainable perfume on the market, which was explained to us in a presentation. It was very interesting that Mr. Guitton carried the product with him during the meeting and we had the opportunity to have a look at it. What was also remarkable is that there is a fitness studio in the building, which employees can also use during working hours. We would also like to mention that one person takes care of the health of the employees. For example, she offers yoga and prepares healthy food (e.g. smoothies) for the employees.
What did we learn?
The COTY company is not satisfied with just making the ingredients, such as perfume, sustainable. The entire supply chain, from packaging and glass bottles for the ingredients, is thoroughly examined. To this end, they work very closely with all suppliers. The company is in the process of internalising the issue of sustainability and building it up more and more.