Coty just smashed Q1 revenue targets with $1.27 billion, proving fragrances and cosmetics still thrive—even in uncertain times. The beauty giant is pivoting toward a leaner future, calling FY2027 a “transition year” as part of its “Coty. Curated.” strategy to focus on core brands and cut costs—possibly including CoverGirl and Rimmel. Amid global economic turbulence, Coty’s plan aims to rebound by FY2029, ahead of looming challenges like the Gucci Beauty license return to Kering. The Middle East conflict had less impact than feared, and new CFO Soraya Benchikh (ex-British American Tobacco) is steering the ship. While this quarter may see a slight dip, it’s still outperforming last year’s results.
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