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Beauty firm Coty to restructure its business in France

By Reuters News

LONDON, Nov 10 (Reuters) - CoverGirl owner Coty COTY.N plans to restructure its business in France following a review, the company said on Tuesday.

  • Strength in key prestige brands including Marc Jacobs, Hugo Boss and Burberry is helping interim CEO Markus Strobel to revitalise Coty's business

  • The proposal for France is aligned with Coty's strategy to build a simpler, more focused and more sustainable organisation, Coty said in a statement

  • The proposal, which is subject to local labour law, includes a plan for reshaping Coty's consumer beauty business and a review of its prestige operating model in France, Coty said

  • Cosmetics Business first reported the proposal

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