Hit By U.S. “Turbulence,” Coty Plans For Growth Abroad
This article was originally published in The Rose Sheet
Executive Summary
Revenue at New York-based Coty Inc. fell nearly 3% overall in the first quarter as sales of nail color dropped and business in the Americas declined.
You may also be interested in...
Coty Projects Slight Q1 Decline, Citing “Drastic Drop” In Nail Segment
Coty is holding off on full-year projections until it gains visibility into the back-to-school and Christmas seasons, but expects first-quarter revenues to be down, largely due to a significant decline in nail-care consumption. The newly public firm looks to offset retailer destocking with innovations across its portfolio, previewed during its fiscal 2013 fourth-quarter and year-end earnings call.
Women’s Voices For The Earth Will Keep After CIR, Salon Worker Safety In 2024
Women’s Voices for the Earth continues to call attention to cosmetic ingredients’ potential health impacts on users including salon workers, while pushing the Cosmetic Ingredient Review to consider a wider variety of safety information in its assessment work.
Regulatory Acceptance Of Non-Animal Test Methods Holding Back Cosmetics Innovation
“Companies can innovate right now, and they have confidence in these tools, these [non-animal] approaches, and they feel they can put these products on the market safely,” said Erin Hill, CEO and president of the International Collaboration on Cosmetics Safety. “The holdup is that they can’t register these new products, because there’s a lack of confidence in the regulatory community.”