Coty Reports Slowdown in Price Hikes Amidst Changing Economic Climate

Coty Inc., a leading player in the global fragrance industry, has revealed that the pace of its price increases is beginning to decelerate. This revelation comes as consumers navigate the ongoing challenges of inflation and changing spending habits. The beauty company acknowledged that while it has implemented price increases to combat rising costs, the current economic environment makes further hikes more complicated.

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China's Makeup Mogul Set to Reach Billionaire Status Following Hong Kong IPO

In a significant development in the cosmetics industry, a well-known figure in Chinese beauty, Jamei Liu, is nearing billionaire status as her company prepares for an initial public offering (IPO) on the Hong Kong stock exchange. The anticipated public listing has garnered considerable attention, bolstered by Liu's remarkable rise in the competitive beauty market that has seen exponential growth in recent years.

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