Coty: Sales drop 3% in Q2 despite strong fragrance performance
The U.S. cosmetics and fragrance group Coty announced on Monday, February 7, a 3% drop in its sales in the second quarter of its staggered financial year. The group said its results were impacted by a slowdown in the mass beauty market, particularly in color cosmetics, as well as continued headwinds in the Asia Pacific region. While the global fragrance market remained robust, with Coty's prestige fragrance portfolio growing sell-out at a high single digit rate, it was not enough to offset... - Industry buzz
The U.S. cosmetics and fragrance group Coty announced on Monday, February 7, a 3% drop in its sales in the second quarter of its staggered financial year.
The group said its results were impacted by a slowdown in the mass beauty market, particularly in color cosmetics, as well as continued headwinds in the Asia Pacific region. While the global fragrance market remained robust, with Coty's prestige fragrance portfolio growing sell-out at a high single digit rate, it was not enough to offset...
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Industry buzz
