Multinational beauty company Coty Inc (COTY) reported a bigger-than-expected decline in first-quarter sales, hurt by supply chain disruptions in Europe and the US. The CoverGirl cosmetics maker said the declines were mainly due to the streamlining of distribution centers in both these regions. Shares of the company plunged 24% during intra-day trading on Wednesday. Net … Continue reading Coty shares tumble 24% on supply chain woes