Coty Inc. (COTY) Drops 21% Amid Another Retailer Inventory Destocking Disclosure -- Hagens Berman
1. Coty's shares fell 21% after weak financial results. 2. Investigation opened into potential misrepresentation of growth prospects. 3. Inventory destocking issues cited as a significant factor in revenue decline. 4. Shareholders urged to report losses as investigation progresses. 5. Coty's digital inventory strategy may have been mismanaged.