Coty to shift OPI production to North Carolina

Coty is shifting the production of its professional nail brand OPI from North Hollywood to its manufacturing facility in Sanford, North Carolina, US.

The move is expected to affect about 400 employees.

OPI’s manufacturing and distribution unit has been situated in North Hollywood since the company’s establishment in 1981.

The relocation will occur through this year andthe company plans to create 25 new jobs. . OPI’s commercial functions will remain at California.

Coty said: "Our ambitions for OPI’s sustainable growth and expansion require enhanced manufacturing facilities, and our Sanford plant is a best-in-class facility that will support OPI’s growth agenda.

"We evaluated this decision carefully and plan to assist impacted employees during this process through outplacement and career services as well as severance benefits."

The company is also planning to invest $19m to expand its North Carolina facility in the next three years.

The relocation of the production plant is expected to start in June and complete by December.

For the affected employees, Coty plans to offer severance packages and help them through outplacement and career services.

Separately, Tiffany & Co. and Coty have entered into a fragrance agreement regarding the development, production and distribution of a new range of Tiffany fragrances for both women and men.

The fragrances will be sold at Tiffany & Co. stores along with other select luxury retailers.