Sue Youcef Nabi, an Algerian-born French businesswoman and CEO of Coty Inc., has seen the value of her investment in the US cosmetics behemoth plummet as continuous market pressures drive the company’s shares lower.
Over the last two weeks, Nabi’s stake in Coty has fallen by $22.73 million, bringing its market value below $300 million. The loss follows a brief mid-August comeback and is driven by prolonged reductions in Coty’s shares on the NYSE due to broader market concerns about the company’s financial performance.
Coty Inc., founded in 1904 by François Coty, is a global beauty powerhouse known for its renowned fragrances, hair color, and cosmetics. In fiscal year 2024, the company’s revenue increased by 10% to $6.1 billion, confirming its industry leadership.
However, net income fell to $76.2 million from $495 million the previous year, owing to growing costs and market uncertainty that eroded investor confidence. These setbacks have sparked additional selling pressure, further lowering Coty’s stock price. Shareholders, including Sue Nabi, have experienced large paper losses.
In just two weeks, the value of Nabi’s 3.53 percent ownership – including 30.3 million shares – tumbled by $20.9 million, from $306.9 million to $286.1 million, as the price fell from $10.13 to $9.44. This 6.8 percent decline has pushed Coty’s market capitalization below $8.5 billion, contributing to an almost 23 percent year-to-date drop.
The continued issues faced by Coty and the broader beauty business are likely to make investors cautious in the short run. With the company’s share price down 22.75 percent year to date, a $100,000 investment at the start of the year is now worth $77,250, representing a $22,750 loss.
Despite the slump, Sue Youcef Nabi remains a significant participant in the worldwide beauty industry. In addition to her work as CEO of Coty, she is the inventor of Orveda, a premium vegan skincare company that has garnered popularity in the market. Nabi’s influence and commercial ability continue to affect the sector, placing her among the wealthiest African-born leaders.