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Coty Forms Subsidiary To Manage African Operations

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By: TOM BRANNA

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SOUTH AFRICA: Coty Inc. has formed a new, wholly owned subsidiary in South Africa in order to direct, manage and fully operate all of its South African business as well as its business in 13 other African countries. The enhanced operating structure marks the latest important strategic move as it continues making strides in increasing its presence in key emerging markets, the company said early last month. Through a strategic agreement with long-term partner Indigo Brands Proprietary Limited, a ...

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