Beauty products maker Coty Inc missed revenue estimates for the second consecutive quarter on Wednesday, as hurricane Florence in the United States disrupted supplies of its luxury products to retailers.
The beauty brand has announced that its net sales in Q3 totaled $63.9 million, topping analysts’ estimates of $60 million and sending the company’s shares up more than 20% in the extended session on Monday.
Global cosmetics company Coty announced on Monday that it has teamed up with Cruelty Free International, kicking the strategic partnership off by achieving Leaping Bunny certification for its CoverGirl brand.
Beauty and skincare retailer Glossier announced it will open its first flagship store in New York City at 123 Lafayette Street, the same location as its debut beauty showroom. Doors open on November 8.