Financial News

Coty Has Tough Q2

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By: TOM BRANNA

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Coty has reported that net revenues for the first half of fiscal 2014 fell 3% to $2.50 billion.  “We faced a challenging second quarter, as expected. US market softness particularly in the mass fragrance and nail categories, and the high level of promotional activity through the holiday season, have impacted our performance in mature markets,” said Michele Scannavini, CEO of Coty Inc. “On a more positive note, our investment in the emerging markets is starting to yield positive results, with so...

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