Coty shows signs of recovery following P&G acquisition

Luxury division performs well, although Consumer beauty lags behind

Luxury line: Gucci Bloom is due to officially launch in August

Coty saw net revenues grow 5% to $2.03bn in Q3 2017, a sign of recovery for the business which missed its Q2 earnings forecast.

The company registered an operating loss of $192.5m, impacted by $213.5m in restructuring and acquisition-related charges.

In an Earnings Conference Call, CEO Camillo Pane said: “Since we last spoke in February, progress has continued to be been made.”

However, he added: “It’s very clear that fiscal 2017 remains a transitional year and there is . . .

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