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Coty also said it would write down around $3 billion in assets. Before the stock's Monday 14% plunge, the stock had fallen 60% over four years.
The entrepreneur has been open about her experience with hormonal acne and told INSIDER what's she been using to treat it.
CoverGirl's first-ever retail location in New York City's Times Square offers the brand's full range of makeup products, as well as accessories.