Coty Inc. plans to reorganize its mass-market business in China after efforts to improve profitability of its TJoy skin-care business came up short, driving a net loss of $253.3 million in the firm's fiscal 2014 third quarter. Overall revenue was up 1% on a reported basis to roughly $1.01 billion for the period, according to the New York-based firm's May 14 earnings release.
展开▼
