Coty and Enrique Iglesias announce fragrance deal

Leading global beauty company Coty has announced an agreement with Enrique Iglesias for the development of a line of signature fragrances for the singer.

"I'm confident that together with Coty's expertise I'll be able to create a fragrance that's attractive to everyone, in particular to my fans. I hope it gives them confidence and makes them feel empowered," said Iglesias on the agreement.

"We are thrilled to partner with the talented Enrique Iglesias," said Renato Semerari, president, Coty Beauty. "This partnership provides us with a great opportunity to expand our business in emerging markets, particularly in Brazil, the world's largest fragrance market, as well as in our other key fragrance markets."

The House of Enrique Iglesias is expected to release its first fragrance in the summer of 2014.

Net revenues for end of year, 30 June 2013, at the company came in at $4.6 billion. Coty sells fragrances and beauty products in over 130 countries and includes brands such as Chloe, Rimmel and Calvin Klein in its portfolio.

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