Coty misses revenue estimates on cautious retail orders, Lacoste license sale
By Reuters Published Aug 21, 2024 CoverGirl parent Coty missed fourth-quarter revenue expectations on Tuesday, impacted by its divestiture of Lacoste fragrance license and controlled orders from cautious retailers, which weighed on growth in prestige and mass-market perfumes. CoverGirl Its decision to sell the Lacoste license back to Lacoste resulted in a 2% impact on [...]read moreCoty misses revenue estimates on cautious retail orders, Lacoste license sale