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UAE unit could have violated US laws.
September 18, 2013
By: TOM BRANNA
Editor
Fragrance and Middle East politics don't mix. Coty may face penalties that result in a material loss after its United Arab Emirates unit possibly violated US laws that prohibit participating in a boycott of Israeli products. The subsidiary may have certified on some invoices that its shipments didn’t contain any materials of Israeli origin, the New York-based cosmetics company said today in a filing with the US Securities and Exchange Commission. Such certifications are part of the Arab Lea...
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