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CFO to depart as well.
August 21, 2018
By: Melissa Meisel
Coty Inc. shares fell more than 10% today after the company reported lower than expected revenue in the fourth quarter and a loss of more than $181 million during the period. At Coty, fiscal year 2018 (FY18) reported net revenues rose 22.8% to $9.4 billion driven by a strong performance in the Luxury division. Reported fourth quarter 2018 net revenues grew by 2.6% to $2.3 billion. In other news, Coty Inc. reported the resignation of Patrice de Talhouët, executive vice president and global ...
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