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Coty’s Sales Plummet 60%, But Firm Has Fixed Worst Impediment

 
• By Ryan Nelson

The highly anticipated solution to Coty’s biggest problem, new CEO Sue Nabi, addressed analysts for the first time during the firm’s 27 August fourth-quarter and full-year earnings call. Coty is counting on Nabi’s brand turnaround savvy and Asian market experience gained at L’Oreal, as well as her entrepreneurial vision, to make the company profitable again in the new fiscal year and fuel forward growth. 

Business development idea and developing industry success through creative invention as a light bulb evolving to a gear shape as a 3D illustration.

Coty, Inc. sustained a massive COVID-19 hit in its fiscal 2020 fourth quarter, even worse than its peers, for reasons leadership acknowledged during a 27 August briefing with analysts.

The firm’s Q4 net sales for continuing operations – which excludes revenues from the Wella business that Coty is in the process of

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