Colour sales down for Coty

Published: 5-Dec-2013

The US beauty giant has been hit by weaker demand for colour cosmetics

You need to be a subscriber to read this article.
Click here to find out more.

Weaker demand for Coty’s nail colour and fragrance range has seen the company take a 2.9% clip in US quarterly sales to $1.18bn.

The sales weakness is claimed, by Coty CEO Michele Scannavini, to be temporary and better growth is expected for the second quarter. Coty’s colour cosmetics business slipped 10% in the last quarter on a like-for-like basis, down to $311.5m; fragrance, skin and body care revenues stayed more or less flat at $704.5m and $162.2m respectively.

Not yet a Subscriber?

This is a small extract of the full article which is available ONLY to premium content subscribers. Click below to get premium content on Cosmetics Business.

Subscribe now Already a subscriber? Sign in here.

You may also like