Coty Cuts Annual Profit Forecast: What’s Next for the Beauty Giant? Coty, the global beauty company known for its wide range of cosmetic and fragrance brands, recently announced a downward revision of its annual profit forecast. The news sent ripples through the market, with the company’s shares falling about 2 percent in extended trading. This […]
Italian Luxury Supplier Plans Creditor Talks As Demand Slows
Italian Luxury Supplier Plans Creditor Talks As Demand Slows Altofare Group, the umbrella organization that manages a consortium of Italian luxury suppliers, is currently facing a challenging period as demand for high-end products slows down globally. In response to this economic downturn, the group has taken a proactive step by enlisting the services of tax […]