Coty, Inc. is among the fastest-growing beauty companies in China, where rising consumer demand for pricier products is expected to make the country the largest prestige beauty market in the world, according to CEO and director Sue Nabi.
Business in China “is very, very quicky evolving – super-premiumizing, if I may,” said Nabi during a fiscal 2022 third quarter earnings presentation on 9 May. She noted Coty’s Asia Pacific sales grew 9% to $158