By and  on February 11, 2019

Coty Inc.’s new management team has a big project to tackle.

The company reported declines in sales and earnings for its fiscal second quarter on Friday, with net sales down 4.8 percent to $2.5 billion and a net loss of $960.6 million because of impairment charges related to the Consumer Division and CoverGirl and Clairol trademarks.

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