Coty’s China Momentum Reflects Consumer ‘Obsession’ With Prestige; Q3 Sales Up 15%
Executive Summary
Expecting China to evolve into the largest prestige beauty market in the world, Coty believes it is well-positioned to benefit as one of the fastest-growing beauty firms in the country as consumers increasingly flock to fragrance. The firm’s Asia Pacific sales grew 9% in the fiscal third quarter, reported, to $158.1m.
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