News Formal

Coty Cuts Executive Salaries by 25%, as Coronavirus Impacts Business

  • 📰 wwd
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 68%

United States News News

United States United States Latest News,United States United States Headlines

Coty expects a 20 percent sales dip in the upcoming quarter, due to coronavirus. 🔐

Coty Inc. is cutting the salaries of its chief executive officer, chief financial officer and all non-employee directors by 25 percent, as the coronavirus pandemic continues to affect business.

Coty said it expected a 20 percent decline in sales in the third fiscal quarter, but that it was trying to make up for some of those declines with plans to push harder with Amazon and launch Kylie Jenner’s Kylie Skin in Europe.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 24. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

In oil market sunk by coronavirus, giant output cuts make ripple, not big wavesMuted oil price gains on Monday show record output cuts by giant producers will still leave them with a mountain to climb to restore market balance, industry watchers said, with the coronavirus pandemic decimating demand just as stocks swell. WTI below $24/barrel? Made more like a fart. What does the Coronavirus do to you? ❓❓❓❓what are the symptoms of CoronavirusOutbreak... Electric cars will drop it to $5/barrel
Source: Reuters - 🏆 2. / 97 Read more »