Coty Inc on Thursday named former L'Oreal executive Sue Nabi as chief executive officer, the cosmetics maker's fifth since its multi-billon dollar deal with Procter & Gamble nearly five years ago.
June 18 U.S. supermarket chain Kroger Co
stopped short of raising its annual forecasts on Thursday,
saying a coronavirus-driven surge in demand for essential goods
was fading as American households reconsider what they have on
Campbell Soup Co raised its 2020 outlook after beating expectations for third-quarter results as consumers stocked up on soup and sauces during the pandemic.
June 1 Coty Inc said on Monday Peter
Harf, chairman of both the company and its top investor JAB
Holdings, would return as chief executive officer after nearly
two decades to help the cosmetics maker revive its business amid
the coronavirus crisis.
Coty Inc is selling a majority stake in its hair and nail care business to U.S. buyout firm KKR & Co Inc for $3 billion in cash, well below what it was valued before the coronavirus pandemic ravaged the beauty business.
Beyond Meat Inc beat quarterly profit and revenue estimates on Tuesday, benefiting from rising demand for its plant-based products at supermarkets and grocery chains and amid weak sales from restaurants due to COVID-19 lockdowns.
Estee Lauder on Friday warned of weak quarterly sales due to COVID-19-led lockdowns in several markets, after it beat Wall Street's lowered estimates for third-quarter profit and sales on growth in China and higher online demand.
Beyond Meat Inc on Thursday missed quarterly earnings expectations due to higher costs, and said Executive Chairman Seth Goldman would give up his executive status, while remaining chair of the board, sending shares down 10% in after-hours trade. | Video