11
Apr
Coty Prepares Lancaster and Orveda for China’s Predicted Skincare Revival
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Coty’s CEO, Sue Nabi, addressed the firm’s performance and future outlook in the 2024 earnings conference. Despite anticipating continued short-term negative growth in China’s skincare market, Nabi emphasized China’s importance for Coty’s long-term strategy, as it is expected to be one of the largest beauty markets. Currently, Coty’s business in China is small, contributing about 3% of the company’s fiscal 2024 revenues, but this has sheltered it from the current market pressures. Coty is preparing for a future skincare market resurgence in China, starting with its Lancaster brand, which has... Read More




