Coty Inc raised its 2019 revenue forecast on Wednesday, betting on a four-year r...
) raised its 2019 revenue forecast on Wednesday, betting on a four-year restructuring plan that involves a multi-billion dollar write-down of some of its beauty brands and a simpler organizational structure, sending its shares up 6%.
Same time, the company laid out a restructuring plan to stem falling sales in its consumer beauty business, which has been struggling with streamlining distribution for the 40 brands it acquired from P&G. Coty on Wednesday said it ended its partnership with the online brand, in which it bought a 60% stake in 2017.
The New York-based company expects net revenue, on a comparable basis, to be flat to slightly lower in fiscal 2020, with visible progress in the first quarter. The company had earlier said it expected a moderating decline in net revenue.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Imagine Taps Former Time Inc Chief Rich Battista For CEO PostRich Battista has been named the CEO of Imagine Entertainment, and will be joining the company immediately, based at its Beverly Hills headquarters. Battista will work with Imagine Entertainment Ch…
Leer más »
Listen to K.Flay's Summer of Pride Playlist: 'Whenever I Get Stuck, Musically, I Go Back to This'The Los Angeles newcomer and Billboard Pride Summit alum shares the tracks that first shaped her eclectic pop-rock sound: 'Whenever I get stuck, musically, I go back to this.'
Leer más »
Shares of pharma companies soar after Johnson & Johnson sees smaller-than-expected opioid fineShares of major pharmaceutical companies surged in after-hours trading Monday following a smaller-than-expected fine for Johnson & Johnson.
Leer más »
Trump's secretive intel advisory board takes shape with security pros and GOP donorsNEW: Pres. Trump’s secretive intelligence advisory board, which has access to some of the U.S.’s most closely held secrets and a line to the Oval Office, features security professionals—and some wealthy GOP donors.
Leer más »
Column: Naomi Osaka and Coco Gauff's mutual respect predates their tennis fameNaomi Osaka sees glimpses of herself in Coco Gauff as the two players' tennis careers continue to rise together at the U.S. Open.
Leer más »