French-Algerian Entrepreneur Sue Nabi Loses $33.6M from Coty Stake

Sue Youcef Nabi, an Algerian-born French entrepreneur and business executive, has seen the market value of her investment in Coty Inc. fall roughly 10% on the New York Stock Exchange (NYSE).


Nabi’s position in Coty Inc. has fallen by $33.6 million in the last 19 days. This follows prior gains of $27 million between April 17 and 30, when her investment increased from $322.1 million to $349.1 million.


François Coty started Coty, an American international cosmetic company, in 1904, and it has since become a global leader in fragrance. It has the second-largest market share for hair color and style products, and the third-largest for color cosmetics.


Coty and its subsidiaries create, manufacture, market, and sell fragrances, cosmetics, skincare, and nail care products, as well as professional and retail hair care items. In 2018, the company owned roughly 77 brands.


Coty’s NYSE shares have dropped by 9.57 percent, from $11.60 on May 3 to $10.49 as of this report, bringing the group’s market capitalization below $9.5 billion.


Nabi, who also founded vegan skincare line Orveda, owns a large 3.53 percent interest in Coty, equivalent to 30,304,786 shares worth more than $310 million. The recent decline in the group’s share price has reduced the market value of Nabi’s interest by $33.64 million, from $351.5 million on May 3 to $317.9 million as of this update.


Despite this loss, Sue Nabi remains an important player in the beauty world. As CEO of Coty, her visionary leadership continues to impact the global beauty industry. She is also one of the world’s wealthiest African-born business executives.


Coty Inc. shares have fallen sharply this year, resulting in huge losses for individual investors. Those attempting to imitate high-profile investors’ wealth-building tactics by investing in companies like as Coty have had significant failures in 2024.


Coty’s NYSE shares have dropped almost 14% year-to-date. As a result, a $100,000 investment in Coty Inc. at the start of the year is now worth $85,850, a loss of $14,158.

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