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Fashion Jobs
SHISEIDO
Senior Manager - Marketing, Ipsa
Permanent · Hong Kong
BESTEAM PERSONNEL CONSULTANCY LTD.
Logistics & Warehouse Manager
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Head of Product Development And Fit (Garment, Fashion Accessories, Home Textile, Etc.)
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Merchandising Manager (Baby Wear) - Dongguan
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Finance Manager
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Technical Manager
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Factory Manager (Stationed in Bangladesh)
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
General Manager (Stationed in Bangladesh)
Permanent · CLEARWATER
SHISEIDO
Senior Officer - Talent Acquisition, Human Resources
Permanent · Hong Kong
SHISEIDO
Network & Security Specialist, Information And Technology Transformation
Permanent · Hong Kong
BESTEAM PERSONNEL CONSULTANCY LTD.
National Business Trainee (3d Artistist / Designer) - 2-Year Programme
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Fabric Manager
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Merchandising Manager – Beauty Accessories & Fashion Accessories
Permanent · CLEARWATER
SHISEIDO
Travel Retail - Area Sales Manager, Greater China, Prestige, Cpc & Fragrance
Permanent · Hong Kong
SHISEIDO
Manager - Finance And Accounts (Business Process, Operations & Financial Compliance)
Permanent · Hong Kong
SHISEIDO
Senior Manager - Financial Planning & Analysis, Finance And Accounts
Permanent · Hong Kong
NIKE
HR Manager/Assistant Manager - Hrbp (1-Year Contract)
Permanent · Hong Kong
PUMA
Executive, Key Account - Partner Store
Permanent · Hong Kong
SHISEIDO
Officer - Marketing, Nars
Permanent · Hong Kong
BESTEAM PERSONNEL CONSULTANCY LTD.
Packaging Product Development Executive
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Operations Team Supervisor / Coordinator
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Merchandiser (Woven Mainly)
Permanent · TIJUANA
By
Reuters
Published
Nov 8, 2021
Reading time
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Duty-free demand, cost cuts drive Coty's rosy forecast

By
Reuters
Published
Nov 8, 2021

Coty forecast annual earnings largely above estimates on Monday, as the cosmetics maker benefits from cost cuts to ward off inflation impacts and a revival in demand for its products at airport duty-free stores.


Photo: Max Factor



Shares jumped about 13% in morning trade as quarterly net revenue in its prestige segment increased 35.1% to $870.7 million.

Coty, which is grappling with industry-wide supply-chain bottlenecks, said it is managing cost pressures through high-end product launches, price increases, fixed cost cuts and freight under contract.

The Max Factor parent forecast fiscal 2022 adjusted per-share earnings between 19 cents and 23 cents, largely above estimates, after topping expectations for the first quarter.

The company has benefited from its investments in advertising, launch of the fragrances Gucci Flora Gorgeous Gardenia and Burberry Hero and its efforts to rebuild its CoverGirl and Max Factor brands through marketing.

The Kylie Cosmetics seller also said it is optimistic for the holiday season as people return to offices, parties and social events and shoppers, taking trips again, buy more at its duty-free stores following easing of restrictions.

"Travel retail is clearly back. It's not at the level of pre pandemic (but)...this is clearly helping the prestige performance," Coty Chief Executive Sue Nabi told Reuters.

Coty also forecast organic sales growth of low to mid-teens percentage growth, above its previous forecast of low-teens growth.

The upbeat forecast comes even as peer Estee Lauder Cos Inc cut its sales expectations for the year.
Coty's first-quarter net revenue from continuing operations rose 22% on a reported basis to $1.37 billion.

"Investors should view the F1Q result as evidence the latest turnaround is on track," Stifel analysts said.

Separately, the CoverGirl parent said it would sell a 4.7% stake in professional beauty-business Wella to KKR in a $215.7 million deal. Coty will have a 25.9% stake upon close.

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