Coty has reported that net revenues for the first half of fiscal 2014 were $2.50 billion, down 3% like-for-like and 4% as reported relative to the prior-year period. Adjusted operating income of $369.4 million decreased from $423.7 million in the prior-year period and adjusted net income of $219.6 million decreased from $244.9 million in the prior-year period.   “We faced a challenging second quarter, as expected. U.S. market softness particularly in the mass fragrance and nail categories,...