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The company gets most of its revenue from perfume brands including Calvin Klein, Davidoff and Playboy as well as those it sells under the names of celebrities such as Beyonce Knowles, Lady Gaga and Jennifer Lopez. Coty's shares, which were priced at $17.50 on Wednesday, fell as much as 3.4 percent to $16.90 in morning trading on the New York Stock Exchange.
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The US economy may be in a soft spot but consumers in China are still spending money, and luxury retailers are cashing in, reports CNBC's Courtney Reagan.
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The rising labor costs for companies that supply Chinese goods to the West may result in higher consumer prices. The NYT reports.
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Burberry is embarking on an aggressive store expansion plan after announcing pre-tax profit rose almost 40 percent to 296 million pounds ($482 million) in the year to April.
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Like other parts of the travel industry, eco-tourism was hammered by the global recession but is on the comeback trail, as operators expand beyond its traditional high-end core.
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Commentators are worried how inflation and higher raw costs might affect retailers, but Cramer thinks those fears are overblown.
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Cramer thinks it could be, but to be sure, he spoke with the company's CEO.
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A new poll reveals 68 percent of Manchester women would never hit the nightlife in heels less than three inches high, while 70 percent of women in Bristol confessed they had gone commando at least once in their lifetime. But Cardiff's women are the 'tartiest' of them all.
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Cramer explains why some growth stories are better than others.
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Mark your calendars. The "Mad Money" host deems these upcoming events noteworthy.
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There is one market, far away from Asia, which may surprise in 2011: the USA, according to Frederic de Narp, CEO and President of diamond giant Harry Winston.
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No reason has been given yet for the departure of founder and executive chairman George Zimmer, reports CNBC's Courtney Reagan. Zimmer has long been the face of the company.
Wednesday, 19 Jun 2013 | 10:52 AM ETCNBC's Rick Santelli, explains why he hears 'crickets" when he asks questions about Fed Chairman Bernanke's policies. "Enough is enough," he rants.
Wednesday, 19 Jun 2013 | 11:36 AM ETAre reporters lobbing "softball" questions at the Fed chairman? CNBC's Rick Santelli and the Wall Street Journal's Jon Hilsenrath, debate whether the economy continues to need quantitative easing. I'm trying to inform the public about what the Fed is up to, says Hilsenrath.