Global beauty group Coty is preparing for a significant leadership transition, with both chairman Peter Harf and CEO Sue Nabi expected to step down. This move, initiated by controlling shareholder JAB Holding, follows a sharp decline in Coty’s share price — down over 50% this year — and comes amid ongoing strategic reviews of its mass-market color cosmetics business and operations in Brazil. The reported shake-up coincides with the looming loss of Coty’s valuable Gucci fragrance license after 2028, a business that contributes approximately $500 million in annual revenue. Nabi, who joined as CEO in 2020, had recently indicated plans to remain for five more years. Under her leadership, Coty faced a 6% revenue drop to $1.58 billion in the last reported quarter.