By way of comment on an article which appeared on website www.capital.gr regarding the representation of cosmetics brands, Notos Com clarifies the following: It is usual in international markets for rights on cosmetics brands to change hands. Recently the following such changes have taken place:
a) Procter & Gamble have acquired the rights to the Dolce & Gabbana brand from Euroitalia
b) Euroitalia has acquired the rights for the Versace brand
c) Coty (which has, amongst others, the rights to the Lancaster and Davidoff brands and distributes its full range of products in Greece through the Joint Venture it controls together with Notos Com) acquired the rights to the Calvin Klein brand.
Such changes at the international level lead to changes in the Greek distributors as well. Although for the first and third changes mentioned above, the Greek distributor has not yet been announced, the distribution of the Versace cosmetics has been given to Notos Com. Besides the above, the termination of the distribution contract for the Lacoste cosmetics range on 31.12.2006 is final. The changes above are not expected to affect the turnover that Notos Com achieves in the market for the exclusive distribution of cosmetics.