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Coty's (COTY) strategic partnerships are enhancing its brand portfolio. The company is also on track with six priorities aimed at sustainable growth. Coty (COTY) Looks Strong: Stock Up More Than ...
Coty's (COTY) growth story can be attributable to strength in its e-commerce operations and gains from partnerships. These are aiding the company amid travel retail softness due to the pandemic.
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Coty's quarterly net revenue fell 3.34% to $1.67 billion, its first drop in eight quarters, missed analyst estimates of $1.72 billion, according to data compiled by LSEG.
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Coty is one of the world's largest beauty companies and the largest fragrance company, [4] [5] with $5.3 billion in revenue for the fiscal year 2022. [6] Coty acquired 41 beauty brands from Procter & Gamble in 2016, [7] becoming the global leader in fragrance, the second largest company for hair color and styling products, [8] and the third largest company for color cosmetics. [9]
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Coty Inc (NYSE:COTY), a large-cap worth US$13.78B, comes to mind for investors seeking a strong and reliable stock investment. One reason being its ‘too big to fail’ aura which givesRead More...