CGT Group presents Coty Inc. with Most Innovative Company 2011 award

NEW YORK — The Consumer Goods Technology Group has awarded beauty company Coty Inc. with its Outstanding Achievement Award for Most Innovative Company for 2011.

The CGT Group, a group of senior leaders representing the consumer industry, unanimously awarded Coty with the achievement following a rigorous review of hundreds of entries. Three of Coty's products were recognized as being the most innovative: Rimmel Lash Accelerator, for its Lash Growth Technology; Sally Hansen Salon Manicure, for the first encapsulation in nail lacquer; and Sally Hansen Special Effects, for its patented film technology.

The CGT Group’s board of directors — which includes executives from Alberto-Culver, Procter & Gamble, Unilever, Nestlé, Accenture, Miller-Coors, Gartner Group, DelMonte Foods and Rubbermaid — determined the recognition.

"Coty is thrilled to accept this prestigious honor," stated CEO Bernd Beetz. "We are humbled to be recognized by a board of peers who are industry giants in their respective companies. At the helm of this great company for 10 years now, I have seen first-hand the drive and creativity that embodies all those who work at Coty. I am confident that this achievement will propel us even further as we continue strengthening our innovation pipeline and delivering products that consumers love."

The award was presented recently to Coty and the company will be featured in the December publication of the Consumer Goods Technology Magazine.