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Coty Still Knocking Dust Off P&G Consumer Brands; Luxury Biz Carries Q3

This article was originally published in The Rose Sheet

Executive Summary

Luxury and Professional sales gains drove Coty’s top- and bottom-line growth ahead of external expectations in the third quarter, but the sluggish pace of the firm’s major brand renovations, and the investments required to continue propping them up, disappointed analysts.

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