NEW YORK (TheStreet) -- Coty (COTY - Get Report) announced a new organizational structure today revolving around categories and regions as the beauty products maker looks to improve its profitability, the Wall Street Journal reports.
All Coty brands will now be under four consumer driven categories, fragrance, skin care, color cosmetics and body care.
The company will organize itself under four markets: North America, Europe, Latin America, and Asia-Pacific/Middle East, Africa, and not the current two stand-alone division model of Coty Prestige and Coty Beauty, the company said.
Shares of Coty are down -1.22% to $17.74 in early morning trade.Must Read: Warren Buffett's 25 Favorite Growth Stocks
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts