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Beauty firm Coty to restructure its business in France

Reuters

LONDON, Nov ‌10 (Reuters) - CoverGirl owner Coty plans to restructure ​its ‌business in France following ‌a review, the company said on Tuesday.

• Strength ‌in key prestige brands including Marc Jacobs, Hugo Boss and Burberry is helping ⁠interim CEO Markus ‌Strobel to revitalise ⁠Coty's business

• The proposal for ​France is aligned with Coty's strategy to ​build a simpler, more ​focused ‌and more sustainable organisation, ​Coty said in ⁠a statement

• The ‌proposal, which is ​subject ​to local labour law, includes a plan for reshaping Coty's consumer beauty business ‌and a review of its prestige operating model ‌in ​France, Coty said

• Cosmetics Business first reported the proposal

(Reporting by Alexander Marrow. ‌Editing by Mark Potter)