Coty Plans Restructuring and Job Cuts in France
CoverGirl owner Coty plans to restructure its operations in France following a strategic review. The proposed changes include reshaping its consumer beauty business and reviewing its prestige operating model.
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COTY INC-CL A plans to cut 155 of 200 jobs in France as part of a restructuring of its French operations. The beauty firm announced the overhaul on Tuesday following an internal review. The reorganization aligns with interim CEO Markus Strobel's strategy to build a simpler and more focused organization.
