Coty Inc.'s second quarter results showed just how challenging the period was for the mass fragrance and nail categories.
For the three months ended Dec. 31, net income fell 33 percent to $82.5 million, or 21 cents a diluted share, from $123.2 million, or 31 cents, a year ago. Net revenues slipped 4.1 percent to $1.32 billion from 1.38 billion a year ago.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"