New Coty Turnaround Agenda Prioritizes Deleveraging, Profitability
Coty Inc. has unveiled its latest turnaround plan under new chief executive officer Pierre Laubies that centers around deleveraging, rediscovering growth and building a pride and performance-based culture.
The four-year strategy includes personnel shifts as well, and is expected to cost about $600 million through 2023. The plan is expected to be in place by Jan. 1.
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