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Coty surfs on the lipstick effect

Coty surfs on the lipstick effect

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Coty, the cosmetics and fragrances group has raised its sales and margin guidance for the first quarter of 2023.

 

Coty expects organic growth of between 8 % and 9 % in the first quarter of 2023, compared with 6 % to 8 % in previous quarters.

 

The North American group’s beauty products have been in strong demand since last year. Consumers are fighting the inflation blues by taking solace in fragrances and cosmetics.

 

Market observers see a new trend: the “lipstick effect”.

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