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Investment in Brands Costs Coty

Sales dip 4% in Q2.

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By: TOM BRANNA

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Coty's sales fell 4% to $1.2 billion in the second quarter ended Dec. 31, 2015. Net income dropped 29% to $89 million in Q2. For the six months, sales fell 1% to $2.3 billion, but net income jumped 57% to nearly $215 million. The results topped analysts' estimates, but more importantly, Coty is on-track in terms of merging and getting the most out of its recent acquisitions, according to Chairman Bart Becht. “Our efforts right now are all about creating a very healthy platfo...

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