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Coty Wraps P&G Merger, Projects Return To Growth In FY 2017 Back Half

New CEO Camillo Pane says the 40-plus beauty brands picked up from P&G position Coty as a “challenger” in global beauty. The firm aims to achieve a “best-in-class profit margin and cash flow conversion model,” with projected growth acceleration in the second half of fiscal 2017.

[Coty Inc.] is officially the world’s third-largest beauty company and No. 1 global fragrance player with the completion of its merger with Procter & Gamble Co.’s specialty beauty business, announced Oct. 3.

“It is my great privilege to take over the reins of leadership at such a transformational moment,” says new CEO...

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