Coty forecasts soft second-quarter profit as higher costs clouds turnaround efforts

By Sanskriti Shekhar and Alexander Marrow Nov 4 (Reuters) – Coty forecast current-quarter profit largely below Wall Street estimates on Wednesday, as costs tied to the Middle East conflict add to pressures on the CoverGirl owner’s efforts to revitalize its business. Under interim CEO Markus Strobel, the company has launched “Coty.Curated” to revive growth and profitability by focusing on its…

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