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January 1, 2014
By: [email protected]
Impacted by lower demand for fine fragrance and nail enamel, Coty Inc.’s first quarter sales fell 2.9% to $1.17 billion. “In the first quarter we faced a significant market slowdown in the fragrance and nail categories, particularly in the US,” explained Michele Scannavini, CEO of Coty Inc. “This triggered heavy trade destocking and a slower order pace that meaningfully affected our US mass market and overall business. On the other hand, we are very pleased with our growth in the prestige chann...
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