- Sue Nabi's stake in Coty Inc. has declined below 255 million, losing 48.44 million in value over 19 days.
- Coty's shares have plunged 15.98 since September 27, reducing its market cap to 7 billion and impacting shareholders significantly.
- Year-to-date, Coty's share price is down 34.62, indicating cautious sentiment among investors in the beauty market.
Algerian-born French entrepreneur and CEO of Coty Inc., Sue Youcef Nabi, has witnessed a notable downturn in the value of her shareholding in the U.S. beauty giant which declined below 255 million. This decline is attributed to the continued slide in Cotys shares on the New York Stock Exchange NYSE.
Over the past 19 days, Nabi's 3.7 percent stakecomprising 31.88 million shares in Cotyhas fallen by 48.44 million, dragging its value below 255 million. The decline comes on the heels of a 20.9 million loss over a two-week span , which saw her stake drop from 306.9 million to 286.1 million.
Sue Nabi faces 48.44 million lossCoty Inc. , an American multinational beauty company founded in 1904 by Franois Coty, has grown into a global leader in the fragrance industry holding the second-largest market share in hair color and styling products and ranks third in color cosmetics boasting ownership of approximately 77 brands as of 2018.
The company's shares have fallen 15.98 percent over the past 19 days, dropping from 9.51 on Sept. 27 to 7.99 . This decline has reduced its market capitalization to 7 billion, leading to significant losses for shareholders. Nabi's stake value decreased from 303.06 million on Sept. 27 to 254.62 million.
Sue Nabi remains a key figure in the global beauty industry despite recent setbacks. As CEO of Coty, her leadership significantly influences the global beauty industry. In addition to her role at Coty, she founded Orveda, a luxury vegan skincare brand gaining traction in the market. Nabi's influence and business acumen position her among the wealthiest African-born executives.
