Coty Inc. is facing backend issues that caused its fiscal first-quarter numbers to plummet — but if one takes that out of the equation, the company’s Luxury and Professional divisions have sustained momentum, according to chief executive officer Camillo Pane.
“We clearly are frustrated and disappointed with this temporary headwind, but this is really a temporary setback to our plans. We are absolutely convinced in the ambitious transformation agenda we are pushing,” Pane told WWD in an interview.
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