LONDON, Nov 10 (Reuters) – CoverGirl owner Coty plans to restructure its business in France following a review, the company said on Tuesday. • Strength in key prestige brands including Marc Jacobs, Hugo Boss and Burberry is helping interim CEO Markus Strobel to revitalise Coty’s business • The proposal for France is aligned with Coty’s […]
Business
Beauty firm Coty to restructure its business in France
Audio By Carbonatix
LONDON, Nov 10 (Reuters) – CoverGirl owner Coty plans to restructure its business in France following a review, the company said on Tuesday.
• Strength in key prestige brands including Marc Jacobs, Hugo Boss and Burberry is helping interim CEO Markus Strobel to revitalise Coty’s business
• The proposal for France is aligned with Coty’s strategy to build a simpler, more focused and more sustainable organisation, Coty said in a statement
• The proposal, which is subject to local labour law, includes a plan for reshaping Coty’s consumer beauty business and a review of its prestige operating model in France, Coty said
• Cosmetics Business first reported the proposal
(Reporting by Alexander Marrow. Editing by Mark Potter)