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Sets Financial Targets for Fiscal Year 2023
July 1, 2019
By: TOM BRANNA
Editor
Coty Inc. has announced a turnaround plan to drive substantial improvement in consumer beauty while also further optimizing luxury and professional beauty. The plan focuses on three strategic pillars: rediscovering growth, regaining operational leadership and building a culture of pride and performance, with the objective to steadily improve gross margin and operating margin, more in line with Coty’s peer group, as well as to drive free cash flow and reduce leverage. Pierre Laubies, Coty’s CEO...
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