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Becht says performance impacted by resources shifting to support closing P&G beauty business.
November 9, 2016
By: Christine Esposito
Editor-in-Chief
Having closed its P&G Specialty Beauty Business merger on Oct.1, Coty has reported that for Q1 2017, pre-merger reported net revenues were $1.08 billion, a decline of 3% as reported and 2% at constant currency. According to Coty,the reported net revenue decline reflects a 1% negative foreign exchange impact and an 8% decline in the underlying business, impacted by company resources shifting to support the closing of the P&G Specialty Beauty Business merger, partially offset by the ...
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