Sue Nabi on packaging innovation
From CEO Sue Nabi discusses Coty's 120th anniversary and the transformative journey under her leadership · · New York Stock Exchange
“The packaging of Infinim is outstandingly innovative; the bottles are stackable and become a canvas for art, which we call art cycling, a better alternative to recycling.”
On , Sue Nabi, Chief Executive Officer & Director at COTY INC, spoke about packaging innovation during CEO Sue Nabi discusses Coty's 120th anniversary and the transformative journey under her leadership on New York Stock Exchange.
About Sue Nabi
Sue Nabi, CEO of Coty, has discussed the company's performance and strategy in several interviews. She stated that Coty has been "one of the fastest growing, if not the fastest growing, beauty company of this size on the market," and noted that the company posted 15% growth in one quarter, with its Prestige division growing 16% and its Consumer Beauty division growing 12%. Nabi attributed this growth to what she called a "fragrance index," describing a boom in the U.S. prestige fragrance market driven by Gen Z and Hispanic consumers, and said the company owns patents for longer-lasting fragrances. She also highlighted the performance of brands like CoverGirl, which she said was "posting double digit growth" and "reinventing itself." Nabi has also discussed new product launches and company initiatives. She described a new fragrance called Infinim, which she said uses "upcycled alcohol made from pollution from factories" and promises "30 hours of lastingness." She also mentioned a petition to change the dictionary definition of beauty, which she said "currently focuses mainly on women and youth," to be more inclusive of all ages and genders. Additionally, Nabi commented on the resilience of the beauty category, stating that "people like these little luxuries" and that beauty is "one of the most resilient categories" even in a constrained economic environment.