The chairman of French cosmetics group L’Oreal dismissed any comparison with struggling beauty group Coty on Friday, adding that the smaller company had no business model at all.
“Let’s just say that I think there simply isn’t a model at Coty, and therefore there’s nothing to say about it,” said Jean-Paul Agon, in response to a shareholder’s question.
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Coty, which withdrew its full-year guidance in February… [332 chars]
Source: Reuters | Published: 2026-04-24T11:22:21Z
Credit: Reuters
