Coty Sales Drop 16% in Holiday Quarter

Coty Inc. saw a net sales decline of 16 percent over the holiday quarter, but said it has made progress on profitability and reducing debt. “Our strong second quarter results build on the momentum of the first quarter, as the entire organization continued to act with discipline, flexibility and creativity…

Coty Completes Wella Divestment

Coty Inc. has completed the long-anticipated sale of its professional division. The company said Tuesday that it had closed a deal to sell a majority stake in Wella, OPI and Clairol to a joint venture that is majority owned by private equity firm KKR. As part of the deal, Coty…