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Coty Bets On Cosmetics Rebound

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Coty Bets On Cosmetics Rebound

B
Benzinga

3 Views • Sep 01, 2021

Description

Cosmetics manufacturer Coty Inc ($COTY@US) announced Thursday that it should see annual sales growth for the first time in 3 years. The company expects buyers to spend more on cosmetic and fragrance products as COVID-19 restrictions loosen. The company’s shares rose over 4% in premarket trading as revenue increased 160%. With a catalog that includes Gucci, Burberry, Marc Jacobs, and Calvin Klein fragrances, the company hopes to enjoy ever-increasing sales in both China and the U.S.

Keywords & Tags

#finance #business #Retail sales #sales #customers #COTY #Cosmetics manufacturer #Coty Inc #annual sales growth #COVID-19 restrictions #fragrance products #Gucci #Burberry #Marc Jacobs #Calvin Klein #fragrances #Cosmetics Rebound #clientele #skincare #nail care #hair care products

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