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Ugly duckling

26 August 2021 By Dasha Afanasieva

New CEO Sue Nabi, who spent 20 years at L’Oreal, has cut the $7 bln U.S. beauty firm’s costs and revamped management. Pivoting CoverGirl to middle America also looks smart. Yet shrinking sales and $5 bln of net debt suggest Coty’s chunky discount to its French rival will persist.

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