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Story summary
- JAB Holdings, Coty's controlling shareholder, plans a leadership overhaul with exits of Chair Peter Harf and Chief Executive Officer Sue Nabi, per Financial Times.
- Coty shares have fallen 52% this year, and dropped 2% after the news.
- The company is weighing sales of cosmetics brands, including Rimmel and Max Factor, amid tougher competition.
- Analysts say leadership changes may not fix Coty's ongoing sales challenges, mirroring shifts at firms like Lululemon.
