Coty’s new executives have a heap of supply chain issues still to work through

Coty Inc.’s new executives discussed the many supply chain issues the beauty company still has to sort through in 2019, though they say many problems have been resolved.

“We firmly believe altogether that we have resolved the most critical supply chain integration issues, and we are confident that the disruption will be solved by year-end, with a much more moderate impact expected in the second half,” said Pierre-André Terisse, chief financial officer at Coty COTY, +32.15% , on the earnings call, according to FactSet.

Coty’s current CEO, Pierre Laubies, opened his comments by noting that he has been on the job for “fewer than three months” while Terisse has been CFO for a week.

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