By  on May 8, 2019

Coty Inc. sales continued to slip in its fiscal third quarter, but new chief executive officer Pierre Laubies is creating a plan to hoist them up.

“We must capitalize on the solid results of the Luxury and Professional Beauty divisions, and address the weakness of the Consumer Beauty division’s performance via shelf productivity, product range simplification and brand investment at scale. Those are the main priorities of the strategic plan that we are completing and which we will start deploying as soon as fiscal 2020,” Laubies said in a statement.

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