Company News, Financial News

A CoverGirl Comeback for Coty?

Q3 sales fall 3.3%, but a rebound is underway in Asia and in prestige.

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By: Charlie Sternberg

Associate Editor

Third quarter sales fell 3.3% to $1.02 billion, but Coty Inc. executives said there is early evidence of recovery across its operations. The company noted that like-for-like sales in Asia rose 20%, along with 30% growth in e-commerce, and a relatively stable performance in the Americas, including strong growth in US prestige sales. Brands like Gucci, Burberry and Marc Jacobs were standouts, with double digit growth in the quarter, and Coty continued to build upon its newer prestige engines of gr...

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