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L'OREAL GROUP
Lancôme Deputy Account Manager Brown Thomas Dublin
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L'OREAL GROUP
Giorgio Armani Beauty Business Manager - Brown Thomas Limerick
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RITUALS
Rituals Advisor
Permanent · Galway
RITUALS
Rituals Advisor (Key Holder)
Permanent · Dublin
RITUALS
Rituals Advisor
Permanent · Dublin
RITUALS
Rituals Advisor
Permanent · Swords
JO MALONE LONDON
jo Malone London - Stylist - bt2, Dundrum - 15 Hours - Part Time, Permanent
Permanent · Dublin
JO MALONE LONDON
jo Malone London - Stylist - Brown Thomas, Galway - 12 Hours - Part Time, Permanent
Permanent · Galway
LULULEMON
Assistant Manager | Brown Thomas Dublin
Permanent · Dublin
LULULEMON
Assistant Manager | Brown Thomas Cork
Permanent · Cork
LULULEMON
Educator | Brown Thomas Cork
Permanent · Cork
LULULEMON
Educator | Brown Thomas Cork
Permanent · Cork
LULULEMON
Key Leader | Brown Thomas Cork
Permanent · Cork
RITUALS
Store Manager
Permanent · Dublin 1
RITUALS
Assistant Store Manager
Permanent · Dublin 1
JO MALONE LONDON
jo Malone London - Stylist - Brown Thomas, Dublin - 15 Hours - Part Time, Permanent
Permanent · Dublin
JO MALONE LONDON
jo Malone London - Stylist - Brown Thomas, Dublin - 11 Hours - Part Time, Temporary
Fixed-term · Dublin
ESTÉE LAUDER
Estée Lauder - Beauty Advisor - Brown Thomas, Cork - 24 Hours - Part Time, Permanent
Permanent · Cork
TOM FORD BEAUTY
Tom Ford - Fragrance Specialist - Brown Thomas, Dublin - 30 Hours - Full Time, Temporary (Maternity Cover)
Fixed-term · Dublin
ORIGINS
Origins - Guide - Arnotts, Dublin - 7.5 Hours - Part Time, Permanent
Permanent · Dublin
MAC
Mac - Retail Manager - bt2, Dundrum - 37.5 Hours - Full Time, Permanent
Permanent · Dublin
MAC
Mac - Assistant Retail Manager - Arnotts, Dublin - 37.5 Hours - Full Time, Temporary (Maternity Cover)
Fixed-term · Dublin
By
Reuters
Published
May 11, 2021
Reading time
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Coty's prestige brands return to growth as restrictions ease

By
Reuters
Published
May 11, 2021

​Coty Inc’s biggest business that includes brands such as Burberry perfumes and Gucci foundations returned to growth in the third quarter after a tumultuous 2020, while the cosmetics maker’s net loss narrowed sharply.


Sales at the company’s Prestige unit that makes Gucci lipstick and Philosophy skincare rose 6.5% to $600.6 million, the first rise in over a year - Gucci


The company saw its sales plummet last year, as stuck-at-home consumers found little use for makeup. Coty is now tapping into pent-up demand for luxury beauty products in China and the United States to offset the declines.

Sales at the company’s Prestige unit that makes Gucci lipstick and Philosophy skincare rose 6.5% to $600.6 million, the first rise in over a year.

Still, restrictions in certain parts of Europe, including UK and France, imposed to curb surging virus cases hampered demand for the company’s products in the third quarter. Sales for the region fell 7.8%, while the Asia Pacific region, which includes China, rose nearly 28%.

“We are starting to see some improvement in the UK ... seeing lockdowns being lifted will hopefully help us build in the fourth quarter,” Chief Executive Officer Sue Nabi told Reuters.

Coty is also hoping to mirror its success in China in the United States, as the country begins to reopen helped by speedy vaccine distributions.

“In the U.S., part of the business is still a little bit under pressure due to the mass business, but Prestige is growing,” Nabi added.

The New York-based company’s shares, which have gained nearly 50% so far this year, were down about 5% at $9.84 in premarket trade.

Coty’s net revenue fell about 3% to $1.03 billion, in line with expectations, while the company broke even on profit.

Net loss attributable to common stockholders was $18.5 million in the quarter ended March 31, compared with a loss of $271.6 million a year earlier.

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