Having closed its P&G Specialty Beauty Business merger on Oct.1, Coty’s pre-merger sales fell 3% to $1.08 billion. The company blamed an 8% decline in the underlying business, as it shifted resources to support the closing of the P&G Specialty Beauty Business merger. According to chairman Bart Becht, the extensive work during the past 15 months on closing the transaction and merging the two businesses came at a cost. The resulting distraction as well as the recent change in management ...