Coty Mum On Combined Business Prospects As P&G Merger Nears Close

Rising beauty giant Coty projects a return to growth for its standalone business in the second half of fiscal 2017, but has yet to provide guidance for the combined entity that will emerge from its merger with P&G Specialty Beauty, expected to close in October. New CEO Camillo Pane will take the wheel at that time, and mass fragrance brands may be up for grabs as Coty works to streamline its glutted portfolio.