Table of Contents
Key Points
- Sue Youcef Nabi’s 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 company’s shares downward.
Over the past two weeks, Nabi’s 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 Coty’s shares on the NYSE amid broader market concerns over the company’s financial performance.
Sue Nabi Faces $20.9 Million Loss
Coty Inc., a global beauty giant founded by François 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 Coty’s 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.
Personal Finance Perspectives: Your Money and Your Life
The ongoing challenges facing Coty, and the broader beauty market are likely to keep investors cautious in the near term. With the company’s share price down 22.75 percent year-to-date, a $100,000 investment at the beginning of the year would now be worth $77,250, reflecting a loss of $22,750.
Despite the downturn, Sue Youcef Nabi remains a key player in the global beauty landscape. In addition to her role as CEO of Coty, she is the founder of Orveda, a luxury vegan skincare brand that has gained traction in the market. Nabi’s influence and business acumen continue to shape the industry, positioning her as one of the wealthiest African-born executives.
