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Coty To Consolidate Fragrance Manufacturing Operations

The cosmetics company said it has been operating over capacity for years after announcing plans to close a manufacturing site in Cologne.
Coty website | Source: Shutterstock

Coty Inc said on Wednesday it would close its manufacturing site in Cologne, Germany as a part of the cosmetics and makeup company’s efforts to consolidate its fragrance operations.

The company last year announced a plan to cut costs, improve supply chain and reduce debt, which came as the Covid-19 pandemic kept salons and department stores, where its products are sold, shut.

“Our network has been operating over-capacity in recent years and the considerable impact of Covid-19 has accelerated the need to take action,” said Richard Jones, global chief supply officer.

The changes are expected to bring annual net savings for Coty.

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The closure of the Cologne site, which employs about 300 people, will occur in stages and is expected to be completed by summer 2022.

By Nivedita Balu; editor: Maju Samuel.

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