Coty Reports Surprise Loss as Retailers Pull Back Orders, Shares Fall 20%
New York, 21 August (Kiran News) – Coty, the company behind well-known brands like Max Factor, has reported an unexpected loss in its latest quarterly results as retailers acted with caution and reduced their orders. The company’s shares plunged 20% in premarket trading on Thursday after the news was released. According to Coty, like-for-like sales … Read more