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A move to an asset-light strategy after a dismal year.
August 30, 2020
By: Happi Staff
The coronavirus put the finishing touches on a dismal year for Coty Inc., one that saw the company report a 63% decline in sales in its recently-concluded fiscal fourth quarter. To remain competitive, Coty will sell many of its manufacturing facilities and outsource production in an effort to become “asset light,” in the words of CEO and Chairman Peter Harf. The company currently manufactures nearly 80% of its products at facilities in countries including the US, Brazil and China....
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