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Cancels its plan to sell the partial stake in Wella for now, but continues to target the full divestiture by end of 2025.
November 8, 2023
By: Christine Esposito
Editor-in-Chief
Coty has announced its results for the first quarter of fiscal year 2024. Net revenues for the quarter ended September 30, 2023 were $1.64 billion, an increase of 18% as reported and LFL. This was driven by a 22% LFL increase in prestige and a 10% LFL increase in consumer beauty, according to the company behind leading prestige fragrance franchises that include Gucci and Burberry and mass market beauty brands like CoverGirl, Rimmel and Sally Hansen. Coty—ranked No. 8 in Happi's 2023 Top ...
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