Algerian-born French Beauty Mogul Sue Nabi's Coty Stake Swells By 13 Million

Coty CEO Sue Nabis stake rose to 159.66 million after a nearly 9 share price increase in just over two weeks.

The beauty companys stock climbed from 4.60 to 5.01, pushing market value to 4.41 billion amid renewed investor optimism

Despite recent gains, Coty shares remain 28.02 lower year-to-date, reflecting ongoing market skepticism about the companys long-term turnaround.

Algerian-born French beauty mogul Sue Nabi, who leads Coty Inc. as CEO, has seen the value of her stake in the company rise by more than 13 million in just over two weeks.

The jump comes as Coty shares rallied on the New York Stock Exchange, driven by renewed investor confidence in the companys direction and a wider rebound in beauty industry stocks.

Nabi owns a 3.7 percent stake in Coty, amounting to 31.88 million shares. As of June 26, her stake was valued at 159.66 millionup from 146.59 million just 16 days earlier. The 13.07 million gain reflects a growing belief among investors that Cotys leadership is beginning to steer the company in the right direction.

This is not the first time her stake has seen a sharp increase. Between May 7 and May 16, it rose by 14.66 million from 145.63 million to 160.29 millionas the market responded positively to early signs of progress in Cotys turnaround efforts.

Coty , the U.S.-based beauty company founded in 1904 by Franois Coty, has built a global reputation in fragrances and holds major market positions in hair color, styling products, and cosmetics. Despite its strong brand portfolio, its recent stock performance has been a mixed bag.