Coty to Integrate Fragrance Businesses and Review Consumer Beauty Division

Coty Inc. (NYSE:COTY) is one of the cheap stocks to buy for the next 5 years. On September 30, Coty announced a plan to strengthen its position in the fragrance market by closely integrating its Prestige Beauty and Mass Fragrance businesses and creating a “Fragrance and Scenting Powerhouse.” Fragrances and scenting brands already account for 69% of Coty’s sales. The company now intends to fully use its scale across R&D, consumer insights, manufacturing, and distribution to capture growth across all price ...