Coty Announces $600M Turnaround Plan

The cosmetics company said the plan is designed to drive substantial improvement in its Consumer Beauty division, while also further optimizing its Luxury and Professional Beauty arm.

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Coty CEO Resigns

Camillo Pane, current CEO of Coty, has resigned citing family reasons as the explanation for the abrupt departure. The company has named Pierre Laubies as the new CEO, effective immediately.

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