Thread regarding Coty Inc. layoffs

Spinoffs and Asset Sales... Coty's stock thru the roof!!!

There you have it:

Coty announces that it plans to focus more intently on its fragrance, cosmetics and skin care businesses after conducting a strategic review of options.
As a result of the decision, the company is exploring strategic alternatives for its Professional Beauty business and associated hair brands, as well as the company's Brazilian operations, including a divestiture.

Coty expects proceeds from any deal will be used to pay down debt and return excess cash directly to shareholders.

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