Coty Inc at Barclays Global Consumer Staples Conference Transcript
Rounding out our presentations today, we're pleased to welcome Coty to our conference for the first time this year. Since its IPO in 2013, Coty has been a company in transition with the goal of becoming a more competitive global beauty company. Today, nearly 3 years since merging with P&G's specialty beauty assets, Coty is once again at a turning point.
In early July, the company's new management laid out a 4-year Turnaround Plan which includes a data-driven road map for stabilizing Consumer Beauty, driving EBIT margins into the mid-teens and reallocating resources to its scale of country category position. Here today to discuss this Turnaround Plan in more detail and provide perspective on recent business performance, we have the company's CEO, Pierre Laubies; and CFO, Pierre-André Terisse. Thank you both for being here.
Sure. Thank you, Lauren. I have to say, I'm extremely
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