Coty’s “booming” prestige fragrance business in the US and strong growth in China drive a 2.4% like-for-like increase in prestige beauty sales for the quarter ended on 31 March. On the mass side, Coty is actively repositioning its Rimmel and Max Factor brands as its CoverGirl revamp shows early signs of success.
Coty, Inc. is making rapid strides in its mass business turnaround effort, while its prestige beauty business returned to growth in the firm’s fiscal 2021 third quarter.
Up 2.4% like-for-like to $600.6m for the three-month period ended 31 March, Coty Prestige benefited from strong sales growth in...