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Shares of Coty Inc. jumped following a report the embattled cosmetics and perfume company is contemplating splitting up the business.
The stock rose as much as 13 percent after Women’s Wear Daily said the company is in the early stages of a sale process, citing “multiple industry sources” it didn’t identify.
Coty’s shares declined 32 percent this year through the close Friday, worse than performance of competitors and major equity indexes.
WWD reported Coty is considering the sale…
