Shares of Coty, a majority of which is owned by German conglomerate JAB Holding Co, were down about 6% in premarket trade on Thursday and declined nearly 66% this year. Sales at Coty’s consumer beauty segment, which houses brands such as Cover Girl and Max Factor, plunged about 55%. Coty, however, said it had seen an improvement in its overall business in the last two months and expects a return to profit in the current quarter. …read more
Source:: Yahoo Finance
