Coty posts bigger-than-expected loss as lockdown dents beauty business
Cosmetics maker Coty on Thursday posted a bigger-than-expected quarterly loss and a 56 percent slump in sales, as the coronavirus-induced closure of stores and parlors hammered demand for its beauty products. Cosmetics makers are battling the closure of other channels of sales, including duty-free shops at airports, and also contending with work-from-home customers focusing on...