Coty cuts annual profit forecast, posts quarterly revenue drop as cosmetics demand slows
Coty cut its annual profit forecast on Monday after missing second-quarter revenue estimates on Monday, as it grapples with ...
Estée Lauder to cut up to 7,000 jobs as sales slide
Estée Lauder may trim as many as 7,000 jobs by fiscal 2026, more than 11% of its workforce, after the global beauty cosmetics maker lost money in its most recent quarter due to a 6% sales slump, ...
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Coty cuts annual profit forecast, posts quarterly revenue drop as cosmetics demand slows
(Reuters) - Coty on Monday cut its annual profit forecast and posted a surprise drop in quarterly revenue, as it faces slowing demand for cosmetics from consumers who have reined in spending ...