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.
Burberry is under attack over its strategy for disposing of surplus stock with criticism similar to that faced by H&M, showing that it's not only the mass-market that destroys unsold goods rather than recycling them.
Burberry seems to be on track with its transformation plan with sales and profits not suffering as it enters a period of fast change. But tough comparisons and regional variations also had an impact on its latest year.
Burberry has announced a “strategic investment” in leathergoods as it moves from a mainly apparel focus to grow its accessories business, buying a luxury leathergoods firm from longstanding Italian partner CF&P.
Coty has named Esra Erkal-Paler as chief global corporate affairs officer and executive committee member, a newly-created position in which she will lead communications strategy and responsible growth.
Coty unveiled a blended reality experience in its recently redone Bourjois boutique in Paris where customers can physically hold product samples and virtually test them without hygienic concerns using augmented reality.