- Sue Youcef Nabis Coty stake lost $20.9 million in two weeks, dropping its value to $286.1 million amid ongoing market pressures.
- Coty's stock slid from $10.13 to $9.44 per share, resulting in a 6.8% decline and a nearly 23% year-to-date drop in market cap.
- Despite recent losses, Nabi remains influential in the beauty industry and is recognized for her role as CEO of Coty and founder of Orveda.
Algerian-born French entrepreneur and CEO of Coty Inc., Sue Youcef Nabi, has experienced a sharp decline in the value of her stake in the U.S. beauty giant, as sustained market pressures push the companys shares downward.
Over the past two weeks, Nabis stake in Coty has dropped by $22.73 million, pushing its market value below the $300-million mark. The decline follows a brief mid-August rebound and is driven by sustained drops in Cotys shares on the NYSE amid broader market concerns over the companys financial performance.
Sue Nabi Faces $20.9 Million LossCoty Inc., a global beauty giant founded by Franois Coty in 1904, boasts a portfolio of iconic fragrances, hair color, and cosmetics. In its 2024 fiscal year, the company achieved a 10 percent revenue surge to $6.1 billion , solidifying its industry leadership.
However, net income slumped to $76.2 million from $495 million the previous year, driven by rising costs and market uncertainties, which dampened investor confidence. These setbacks have triggered increased selling pressure, further pushing down Cotys share price. Shareholders, including Sue Nabi, have seen significant paper losses.
In just two weeks, the value of Nabi's 3.53-percent stake comprising 30.3 million shares plummeted by $20.9 million, from $306.9 million to $286.1 million, as the stock slid from $10.13 to $9.44 . This 6.8-percent decline has dragged Coty's market cap below $8.5 billion, contributing to a nearly 23-percent year-to-date drop.
