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Frost & Sullivan: Need for Energy Independence Trumps Political and Economic Arguments against Hydraulic Fracking in Europe

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— European countries facing political and social opposition to fracking can adopt the best practices of North American drilling companies

MOUNTAIN VIEW, Calif., Oct. 29, 2013 /PRNewswire/ — Under immense pressure from green think tanks and political lobbyists, the governments of France, the United Kingdom, Denmark, and the Netherlands, have either suspended or slowed down hydraulic fracking for shale gas extraction. However, the overwhelming economic benefits and promise of energy independence are likely to initiate changes in the long term to revive drilling activities.

If you are interested in more information on this research or to speak with an analyst, please email Liz Clark, Corporate Communications, at liz.clark@frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.

North America has sustained drilling activity through significant improvements to water management, greater efficiency in drilling operations, and reductions in on-site air pollutants from trucks, drilling machinery, and even methane gas recapture from flaring. North America owes most of these successes to significant industry collaboration, while remaining environmentally compliant. Furthermore, the U.S. Environmental Protection Agency has rolled out several useful environmental studies, and in all likelihood, will make regulations more stringent.

“As every region and location is different, they are not all equally economically viable in terms of recoverable product, even if they have a large volume of reserves,” saidFrost & Sullivan Energy & Environment Industry Analyst Ankur Jajoo. “Yet, it is important to resume drilling activity in the interest of lower energy costs, both regionally and globally.”

Similar to North America, the European Union can learn through trial and error to arrive at winning strategies. For instance, it could better deal with issues relating to unconventional drilling by taking away a few lessons from the drilling project in Poland, where there were multiple challenges of low production volumes of gas, difficult geology, and high drilling costs in densely populated areas.

Before process improvements can be initiated, exploration companies have to ensure acceptance and adoption by governments and citizens. Companies will do well to invest in education campaigns to help end users understand the benefits of the new technologies.

According to Bloomberg Energy Finance, the cost of production in the United Kingdom is at least 50 percent higher than in the United States. These costs could climb down in the future through rapid technological advancements in drilling and logistical efficiencies in the value chain.

“Rather than levy higher taxes on consumers of commodity products such as gasoline, jet fuel, diesel fuel, and heating oil, governments have an opportunity to earn that tax revenue from increased oil and gas activity,” noted Jajoo.

If more countries were engaged in drilling, the improved infrastructure of pipelines and liquefied natural gas terminals throughout Europe will make the transportation far more economical and greatly develop the end-user market for natural gas.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion

Join Us: Join our community

Subscribe: Newsletter on “the next big thing”

Register: Gain access to visionary innovation

Contact:

Liz Clark
Corporate Communications – North America
P: +1.210.477.8483
E: liz.clark@frost.com

http://www.frost.com
Source: Frost & Sullivan

Written by asiafreshnews

October 31, 2013 at 11:15 pm

Posted in Uncategorized

The Evolution of Enterprise Connectivity: Application Scope of Software Defined Networks Expands

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– Frost & Sullivan finds a strong set of standards and protocols are crucial to steer SDN evolution

MOUNTAIN VIEW, Calif., Oct. 29, 2013 /PRNewswire/ — The huge demand for network resources is straining overall network systems, resulting in the poor performance of networks. This could lead to latency, overload and network breakdown. Rapid advancements in software defined network (SDN) technologies could help in solving the above said issues by bridging the gap between physical and virtual components to create a highly flexible networking environment.

New analysis from Frost & Sullivan’s(http://www.technicalinsights.frost.com) Breathtaking Innovations in Software Defined Networking research finds the shift to next-generation load balancers, network security, and software defined firewalls are the major focus areas in the development of SDN. Successfully overcoming security challenges inherent in software components will also help SDN adoption.

For more information on this research, please email Britni Myers, Corporate Communications, at britni.myers@frost.com.

Symmetric-based SDN is popular since it enables tighter control over the virtual network. This is crucial as organizations ranging from large-scale corporations to small businesses rely on analytics to establish their business models and require better control over the data flowing through their networks.

“SDN is considered best suited for data centers as conventional networks that depend on different tiers of Ethernet switches are unable to satisfy the computing, storage and flexibility needs of huge storage data centers,” said Frost & Sullivan Technical Insights Research Analyst Sathya Vendhan. “Comprehensive, integrated SDN solutions are more competent than a completely physical approach, since they enhance system performance and reduce costs.”

The most important driver for SDN adoption is cost effectiveness. It allows customers to use their network assets with greater efficiency and fully utilize existing infrastructure through advanced virtualization capabilities.

In several cases, however, incompatibility with existing infrastructure curbs SDN deployment. Accountability concerns, the dominance of physical components, and the use of questionable software components add to the challenge. While SDN empowers users to build their own appliances, such as firewalls over the network, it also provides hackers with extra points of entry, making the underlying hardware more prone to malicious attacks.

“The potential of SDN can be realized only when research organizations form consortiums and consolidate knowledge to develop various aspects of this nascent technology,” advised Vendhan. “For now, SDN urgently requires a strong set of standards and protocols that can guide its evolution, which is possible only through strategic relationships, partnerships and joint ventures among organizations, vendors and developers.”

Breathtaking Innovations in Software Defined Networking is part of the Technical Insights subscription. Technical Insights is an international technology analysis business that produces a variety of technical news alerts, newsletters and research services.

Connect with Frost & Sullivan on social media, including Twitter, Facebook, SlideShare and LinkedIn, for the latest news and updates.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion

Join Us: Join our community

Subscribe: Newsletter on “the next big thing”

Register: Gain access to visionary innovation

Breathtaking Innovations in Software Defined Networking

D4F8-TI

Contact:
Britni Myers
Corporate Communications – North America
P: +1.210.477.8481
E: britni.myers@frost.com

LinkedIn: Technical Insights Group
Twitter: @Frost_Sullivan
Facebook: Frost & Sullivan

http://www.frost.com
Source: Frost & Sullivan

Written by asiafreshnews

October 31, 2013 at 10:59 pm

Posted in Uncategorized

EnerSys Announces Agreement to Acquire Quallion LLC

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READING, Pa., Oct. 29, 2013 /PRNewswire/ — EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, today announced that it has entered into an agreement to acquire Quallion LLC, a manufacturer of lithium ion cells and batteries for high integrity applications for $30 million. Headquartered in Sylmar, CA, Quallion’s products include lithium ion cells and batteries for diverse applications including medical devices, defense, aviation and space. The closing of the transaction is subject to customary closing conditions.

“This acquisition provides EnerSys with an entry into the rapidly growing medical device battery markets for both implantable and external devices,” said John D. Craig, chairman, president and chief executive officer of EnerSys. “With the United States government’s Title III investment of $65 million in Quallion’s cathode and anode production equipment, we will have the capability to produce lithium ion materials and for satellite batteries. In addition to being the only domestic battery manufacturer to control the complete production process, by combining Quallion with our ABSL space business, EnerSys becomes the largest domestic provider of battery technology to the space industry. We anticipate that this transaction will be accretive to our earnings by 3 to 5 cents per diluted share during the first full year following acquisition.”

EnerSys, the global leader in stored energy solutions for industrial applications, manufactures and distributes reserve power and motive power batteries, chargers, power equipment, and battery accessories to customers worldwide. Motive power batteries are utilized in electric fork trucks and other commercial electric powered vehicles. Reserve power batteries are used in the telecommunications and utility industries, uninterruptible power supplies, and numerous applications requiring standby power. The company also provides aftermarket and customer support services to its customers from over 100 countries through its sales and manufacturing locations around the world.

More information regarding EnerSys can be found at http://www.enersys.com

Quallion designs, fabricates and manufactures state-of-the-art lithium ion cells and battery packs, and develops new battery chemistries for the military, aerospace, medical and automotive industries. Building on its legacy leadership position in the medical device industry, the company has developed a range of novel enabling technologies that includes the world’s smallest implantable secondary battery and the proprietary Zero-Volt ™ and SaFE-LYTE ™ technologies. Leveraging its core engineering capabilities, Quallion has established itself as a leader in applications where advanced battery technology, safety, reliability and custom engineering are most valued. Quallion LLC was founded in 1998.

More information regarding Quallion can be found at http://www.quallion.com

For more information, contact Richard Zuidema, Executive Vice President, EnerSys, P.O. Box 14145, Reading, PA 19612-4145, USA. Tel: 800-538-3627

Caution Concerning Forward Looking Statements

This press release and EnerSys’ other public pronouncements contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified by the words “will,” “expects,” “anticipates,” “believes,” “estimates” or similar expressions and include EnerSys’ expectations as to future revenue growth, earnings and accretion to earnings. These forward-looking statements reflect management’s view of future events and financial performance. These statements are subject to risks, uncertainties, assumptions and other important factors, many of which may be beyond EnerSys’ control, and could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Factors that could cause actual results to differ from such statements include, but are not limited to: (i) the occurrence of any event, change or other circumstances that could give rise to the termination of the agreement; (ii) the failure to receive, on a timely basis or otherwise, the required government or regulatory agencies approvals; (iii) the risk that a closing condition to the proposed acquisition may not be satisfied; (iv) the ability of Quallion LLC to maintain relationships with customers, suppliers and other business partners pending the consummation of the proposed acquisition; and (v) other factors described in “Risk Factors” and “Caution Concerning Forward Looking Statements” in EnerSys’ Annual Report on Form 10-K for the fiscal year ended March 31, 2013 and reports on Forms 10-Q and Forms 8-K thereafter.

The forward-looking statements are and will be based on management’s then current views and assumptions regarding future events and speak only as of their dates, even if subsequently made available by EnerSys or Quallion on their respective websites or otherwise. EnerSys undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by the securities laws.
Source: EnerSys

Written by asiafreshnews

October 31, 2013 at 10:41 pm

Posted in Uncategorized

Driven by Wider Coverage and Lower Prices, Fiber-optic Broadband Adoption gathers Pace in Latin America, Finds Frost & Sullivan

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– Educating consumers on the benefits of FTTH vital to strengthen demand

BUENOS AIRES, Argentina, Oct. 29, 2013 /PRNewswire/ — With broadband adoption reaching saturation levels in major markets in Latin America, service providers are turning to new products to sustain growth amid intensifying competition. In line with this, fiber-to-the-home (FTTH) connections present a tremendous opportunity as the high speeds of fiber-optic broadband can attract heavy users such as gamers, streaming subscribers, or small and medium businesses that are willing to pay more for a better service.

New analysis from Frost & Sullivan (http://www.ipcommunications.frost.com), Hot Topic—FTTH in Latin America, finds that the market earned revenues of $343.6 million in 2012 and estimates this to reach $1605.2 million in 2018. Main FTTH markets in Latin America (Argentina, Brazil, Chile and Mexico) are expected to grow at a compound annual growth rate of nearly 30 per cent.

“Typically, first movers in the Latin American FTTH market have been small competitors trying to fight dominant operators,” saidFrost & Sullivan Information and Communication Technologies Senior Consultant Ignacio Perrone. “However, some leaders have reacted strongly to this competition, and their deployment of new networks along with an intensified price competition will push the FTTH market towards two-digit growth till 2018.”

As is the case with any nascent technology, most consumers are still unaware of the benefits of FTTH or its exact features when compared with technologies like ADSL or cable modem. They also do not realize the exact value for money they will receive when contracting FTTH. Moreover, several solutions available in the market use the term fiber, but do not specify if the connection is fiber-to-the-node, fiber-to-the-curb or actually FTTH.

For the FTTH market in Latin America to realize its tremendous growth potential, both vendors and operators need to educate consumers, carefully avoiding unnecessary jargon and clearly defining what a fiber-optic connection is. Service providers must also explain its benefits against other popular technologies, focusing on its speed, symmetric nature, and stability.

If you are interested in more information on this research, please send an e-mail to Francesca Valente, Corporate Communications, at francesca.valente@frost.com, with your full name, company name, job title, telephone number, company e-mail address, company website, city, state and country.

Hot Topic—FTTH in Latin America is part of the Telecom Services Growth Partnership Service program. Frost & Sullivan’s related research services include: Latin American Data Communications Services Markets, Latin American Mobile Services Markets Outlook I, and Latin American Mobile Enterprise Services Markets, among others. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion

Join Us: Join our community

Subscribe: Newsletter on “the next big thing”

Register: Gain access to visionary innovation

Hot Topic—FTTH in Latin America
9845-63

Contact:
Francesca Valente
Corporate Communications – Latin America
P: +54-11-4777-5300
F: +54-11-4777-5300
E: francesca.valente@frost.com

http://www.frost.com
Source: Frost & Sullivan

Written by asiafreshnews

October 31, 2013 at 10:26 pm

Posted in Uncategorized

Frost & Sullivan Expects Six Million Semi- and Highly-Automated Vehicles in Europe and North America by 2025

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Complimentary web conference on autonomous vehicle architectures and future business models with guest speakers from MIRA and Valeo

LONDON, Oct. 29, 2013 /PRNewswire/ — Autopilot mode and unmanned vehicles have made their footprint in the aerospace and defence industries and inspired the automotive industry to follow suit. OEMs in the automotive space are busy trying to incorporate ways to automate urban and highway commuting.

Automakers understand however, that drivers will only require a temporary relief from driving tasks, and are designing cars that are either semi- or highly-automated. Their primary business model is built around car-ownership and providing the driver with increased comfort features such as “traffic-jam-assist” and “automated valet parking”.

Frost & Sullivan is organising a web conference, entitled The Future of Autonomous Driving, taking place on Thursday, 7 November 2013, at 4.00 p.m. GMT. Frost & Sullivan Team Leader Chassis & Safety, Mr. Prana T. Natarajan, Commercial Manager – Intelligent Mobility & Future Transport Technologies, Mr. Chris Reeves from Mira Ltd., and Product Marketing Manager, Mr. Harald Barth from Valeo will discuss upcoming future trends in autonomous driving, compare and contrast strategies as well as related business models of traditional OEMs with those of newer market participants such as Google.

To participate in this complimentary web conference, please email Katja Feick at katja.feick@frost.com with your full contact details. Upon receipt of the above information, a registration link will be e-mailed to you. You may also register to receive a recorded version of the briefing at anytime by submitting the aforementioned contact details.

Participants of this web conference will be introduced to strategies from experts who have implemented autonomous driving solutions in the defence sector and hear about the design, testing and validation requirements for autonomous cars.

The web conference will cover the architectural changes needed for automated driving, and besides market/technology roadmaps and business models.

“With BMW and Mercedes-Benz being the first to launch semi-automated vehicles in 2014, we expect close to six million semi- & highly-automated vehicles in Europe and North America by 2025, with a fairly equal split,” said Mr. Natarajan. “Google is expected to go ahead with an Android-like hardware-agnostic automation module, reaching out a much higher fraction of existing car users, offering the unit as a retrofit.”

“Future non-native automotive participants like Google are looking at the needs of future mobility models, which will be based on a user-ship model whereby users hop-on and hop-off into a connected-environment-on-wheels, driven by robotic controls built into the vehicle and providing them end-to-end mobility solutions,” concluded Mr. Natarajan. “This will give drivers the opportunity to spend their commuting time with other activities, such as planning their day or browsing the internet.”

This web conference will benefit automotive OEMs, suppliers, telecom operators, road-operators, parking management providers as well as mobility integrators.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion
Join Us: Join our community
Subscribe: Newsletter on “the next big thing”
Register: Gain access to visionary innovation

Contact:
Katja Feick
Corporate Communications – Europe
P: +49 (0) 69 7703343
E: katja.feick@frost.com
http://www.frost.com
http://www.twitter.com/FS_Automotive
Join our Forum on LinkedIn: Future of Mobility
Source: Frost & Sullivan

Written by asiafreshnews

October 31, 2013 at 9:41 pm

Posted in Uncategorized

CyberArk Appoints Netpoleon Solutions as Prime Value-added Distributor for Singapore

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The partnership extends Netpoleon Solutions’ distributorship to Singapore and validates CyberArk’s longstanding commitment to customers and resellers in Southeast Asia

SINGAPORE, Oct. 30, 2013 /PRNewswire/ — CyberArk, the company securing the heart of the enterprise, today announced the appointment of Netpoleon Solutions as its prime value-added distributor for Singapore. The partnership will allow both companies to address the growing demand for privileged account security in Southeast Asia, and enable CyberArk to continue to expand its foothold in Singapore and deepen market penetration in the enterprise landscape, through leveraging Netpoleon Solutions’ extended capabilities and extensive reseller network.

Under the agreement, Netpoleon Solutions will hold the rights to distribute CyberArk’s comprehensive range of privileged account security and compliance solutions in Singapore, and will incorporate CyberArk solutions as part of its total security offerings to both customers and resellers. The partnership is an extension of the existing distributorship agreement of several years for the Philippines and also recently for Thailand with CyberArk.

CyberArk has been registering strong market momentum in Asia Pacific with 50 percent year-over-year (YoY) sales growth over the last two years. The company attributes its robust regional performance to accelerated customer demand for privilege account security, especially from organizations in regulated industries such as banking and finance, on meeting compliance needs and protecting digital assets from both insider attacks and advanced persistent threats (APTs) against a rapidly evolving security landscape.

As a leading provider of integrated security and networking solutions and services in Singapore and the region, Netpoleon Solutions offers a broad array of value-added services to its channel partners, including managed services, technical support, maintenance and training. It also commands an entrenched position in serving the security needs of customers and resellers across the financial services, telecommunications and critical infrastructure markets.

“Netpoleon Solutions has built a solid reputation for itself as a leading value-added distributor of best-of-breed security solutions in Southeast Asia, and we are very excited about the immense opportunities this partnership will bring to both companies in areas of business enablement and technology transfer,” said Dan Dinnar, Vice President of Sales for Asia Pacific at CyberArk. “CyberArk is the market leader in providing privileged account security solutions that enable organizations to secure their high value information assets from both insider and advanced threats. With the combined capabilities and know-how from both CyberArk and Netpoleon Solutions, we are committed to delivering the highest level of expertise and service to our customers in Singapore and the region.”

“There is no vendor out there that can rival CyberArk in end-to-end privileged account security when it comes to product breadth and depth. Cyber-attackers are increasingly going after privileged accounts which hold keys to sensitive administrative information, hardcoded passwords and application backdoors, and many enterprises have underestimated the magnitude of their privileged account security problem,” said Francis Goh, Managing Director at Netpoleon Solutions. “Adding CyberArk to our security offerings will greatly complement our strength in network security, and we look forward to working closely with CyberArk in bringing technology and value to our customers and channel partners in the most accessible way.”

About CyberArk
CyberArk is the only security company focused on eliminating the most advanced cyber threats: those that use insider privileges to attack the heart of the enterprise. Dedicated to stopping attacks before they stop business, CyberArk proactively secures against cyber threats before attacks can escalate and do irreparable damage. The company is trusted by the world’s leading companies – including 40 of the Fortune 100 – to protect their highest value information assets, infrastructure and applications. CyberArk is a vital security partner to more than 1,400 global businesses, including 17 of the world’s top 20 banks. Headquartered in Newton, MA, CyberArk also has offices throughout EMEA and Asia-Pacific. To learn more about CyberArk, visit www.cyberark.com, read the company blog,http://www.cyberark.com/blog/, follow on Twitter @CyberArk or Facebook at https://www.facebook.com/CyberArk.

Source: CyberArk

Written by asiafreshnews

October 31, 2013 at 5:56 pm

Posted in All releases

Coty Inc. And Prada SA Announce Fragrance Partnership

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  • Renowned Beauty Leader to Debut Signature Scent for the Miu Miu Brand

NEW YORK, Oct. 30, 2013 /PRNewswire/ — Coty Inc. (NYSE: COTY) and Prada Group (HKSE: Prada, 1913) announced today the formation of an exclusive partnership to create, develop and distribute a signature line of fragrances under the Miu Miu name. Following its successful results as a luxury fashion brand, the partnership marks Miu Miu’s first entree into the world of prestige fragrances.

Created in 1993, Miu Miu – the other vision of Miuccia Prada on fashion – is a brand with a strong personality, provocative and sensual as well as free-spirited and avant-garde. During the years, Miu Miu has evolved into one of the leading high-fashion brands in the world, targeting sophisticated women, receptive to new trends and ideas and inspired to explore and experiment in their fashion choices.

Coty has a proven reputation for faithfully translating the core values of highly selective and sophisticated designer brands into successful fragrance businesses while maintaining great respect for the brands’ DNA and the utmost attention to quality.

“The agreement with Coty, an internationally recognized reference in the luxury fragrance market, marks a major step forward in Miu Miu’s development plan,” said Patrizio Bertelli, CEO, Prada Group. “I am therefore sure that, leveraging on Coty’s know-how and Miu Miu’s strong identity, this partnership will be a worldwide success of mutual satisfaction to both companies.”

“Miu Miu is one of the most refined and respected luxury houses in the world and one of the fastest growing global brands in the whole fashion industry,” said Michele Scannavini, CEO, Coty Inc. “It is an exciting opportunity for Coty to build a worldwide fragrance business for Miu Miu and also to further build our own market share in the prestige fragrance market.”

The Miu Miu fragrance line is expected to debut in 2015.

About Coty Inc.
Coty is a leading global beauty company with net revenues of $4.6 billion for the fiscal year ended June 30, 2013. Founded in Paris in 1904, Coty is a pure play beauty company with a portfolio of well-known fragrances, color cosmetics and skin & body care products sold in over 130 countries and territories. Coty’s product offerings include such global brands as Balenciaga, Bottega Veneta, Calvin Klein, Chloe and Marc Jacobs.

For additional information about Coty Inc., please visit www.coty.com.

About Miu Miu
The Miu Miu brand, created in 1993, embodies style and sensuality. It is sophisticated yet nonchalant. The Miu Miu style has a strong identity, is creative and possesses an independent spirit. Miu Miu is part of the Prada Group, one of the world leaders in the luxury goods sector where it operates also with the Prada, Church’s andCar Shoe brands in the design, production and distribution of luxury handbags, leather goods, footwear, apparel and accessories. Its products are sold in 70 countries worldwide through a network that included 491 directly operated stores (DOS) as of July 31, 2013, and a select network of luxury department stores, independent retailers and franchise stores.

Source: Coty Inc.

Written by asiafreshnews

October 31, 2013 at 3:30 pm