Coty's CEO Exit, Stock Drop: What's Next?

Cotys CEO Departure: A New Interim Leader, But Challenges PersistCotys shares plummeted after CEO Sue Nabis resignation, with interim CEO Markus Strobel from Procter and Gamble taking over. The company is reviewing its Consumer division, facing mass-market product pressure, and reported a Q2 loss, missing profit expectations. Despite beating revenue estimates, organic sales dropped 9%, and cash burned through $131.8 million. Analysts predict flat revenue over the next year, indicating ongoing demand issues.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.