Beauty company Coty Inc announced on Tuesday they have completed acquisition of a 20 percent ownership interest in Kim Kardashian‘s business for $200M. The strategic transaction was announced in June 2020 and successfully completed on schedule in Q3 fiscal year 2021, according to a press release from Coty. Together, Coty and Kardashian will ‘focus on … Read more
Kim Kardashian’s beauty line valued at $1 billion as Max Factor-owner Coty snaps up a 20% stake By Francesca Washtell For The Daily Mail Published: 21:50 BST, 29 June 2020 | Updated: 21:50 BST, 29 June 2020 Max Factor-owner Coty has snapped up a 20 per cent stake in Kim Kardashian West’s beauty line KKW … Read more
Kim Kardashian’s beauty brand has been valued at a billion pounds. The mogul, 39, has just inked a deal with Coty Inc. to sell a 20% stake in the company, which sells make-up and fragrances, for $200million. TMZ report that the deal is for a ‘longterm strategic partnership to launch products in new beauty categories … Read more
Kim Kardashian’s KKW Beauty line is being sued by brand growth company Seed Beauty in order to prevent the ‘revealing of trade secrets’ to Coty KKW Beauty is being sued by brand development company Seed Beauty over the alleged jeopardization of their ‘trade secrets’ Seed Beauty asked for ‘an injunction blocking KKW Beauty from revealing … Read more
Kylie Jenner isn’t a billionaire after all, Forbes magazine said on Friday accusing the reality TV star’s family of ‘inflating the value of her cosmetics business for years.’ Shares of Coty plummeted 13 percent on Friday after Forbes magazine published an article based on an examination of financial filings after the beauty mogul sold a … Read more