Coty sales down in first quarter

Coty highlighted strength in Gucci, Burberry, Hugo Boss and Chloé fragrances

US-based Coty reported net revenues of $1.94bn for the first quarter of fiscal 2020, a decline of 4.4%. Like-for-like, sales were down 1.1%, including a 1% negative impact from Younique. 

Thanks to a $84.5m gain on the divestiture of Younique,...

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