Coty Inc.’s fourth-quarter results disappointed Wall Street as investors sent its shares down 3.4 percent.
Even though Coty narrowed its fourth-quarter loss from a year ago, it also fell short of Wall Street’s earnings per share forecast as well as revenue expectations for the quarter. Shares of Coty closed at $17.39.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)