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Coty takes $150 million hit from supply-chain disruptions


U.S.-based beauty products company Coty Inc. said that supply-chain disruptions at its distribution centers in Europe cost it $150 million in lost revenue so far this year, Reuters reported. Coty said that it has faced supply-chain problems since it bought some 40 beauty brands from U.S.-based The Procter & Gamble Co. in 2016.

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