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Coty Q1 revenue down 1% and signs Gucci license termination agreement

The Motley Fool +1 · ·by G4L

COTY
COTY Coty Inc
$4.22 +4.20%
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  1. 1Coty Inc. reported a 1% decrease in Q1 revenue.
  2. 2Coty's top 6 brands achieved 5% growth in Q1.
  3. 3The total value of the Gucci license termination agreement is $400 million.

So what's the key point?

Coty's Q1 revenue decreased by 1%. The company also agreed to end its $400 million contract with Gucci.

Source The Motley Fool +1 · View original ↗

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