BRIEF-Coty Commences Next Phase Of Transformation Program To Boost Agility And Scale, While Driving Operational Efficiency

Reuters

24 Apr

BRIEF-Coty Commences Next Phase Of Transformation Program To Boost Agility And Scale, While Driving Operational Efficiency

April 24 (Reuters) - Coty Inc COTY.N:

COTY COMMENCES NEXT PHASE OF TRANSFORMATION PROGRAM TO BOOST AGILITY AND SCALE, WHILE DRIVING OPERATIONAL EFFICIENCY
COTY INC: TARGETING $130M OF FIXED COST SAVINGS IN ADDITION TO $240M OF ONGOING PRODUCTIVITY SAVINGS OVER NEXT 2 YEARS
COTY INC: ONE-TIME CASH COSTS ASSOCIATED WITH PROGRAM ARE EXPECTED TO BE APPROXIMATELY $80M
COTY INC: ESTIMATES THIS INITIATIVE TO IMPACT APPROXIMATELY 700 POSITIONS
COTY INC: SEES CLOSE TO $500M OF SAVINGS BETWEEN FY25-FY27

Source text: ID:nBw3Qr479a

Further company coverage: COTY.N

((Reuters.Briefs@thomsonreuters.com;))

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