Kim Kardashian West selling stake in her beauty brand for US$200m to Coty

CNA Lifestyle

Kim Kardashian West selling stake in her beauty brand for US$200m to Coty

Kim Kardashian. (Photograph: AFP / Angela Weiss)

Coty Inc has agreed to buy a twenty per cent pale in reality TV star Kim Kardashian West's makeup brand KKW for US$200 one thousand thousand (South$278.6 1000000), the Financial Times reported on Monday (Jun 29), citing people familiar with the thing.

The deal values West'south cosmetics company at US$1 billion, slightly lower than the The states$ane.2 billion valuation Coty put on West's half sis Kylie Jenner'south business, the report said.

Earlier this month, Coty disclosed that information technology was in talks with West over a potential collaboration for the dazzler line.

The company, which owns Covergirl, has a majority stake in Jenner'due south makeup and skincare line, which information technology bought concluding year for The states$600 million.

W, who is known for chronicling her life with her sisters on Television receiver's Keeping Up With The Kardashians, launched her own makeup line in 2017, ii years after Jenner's successful foray into the dazzler manufacture.

Her hubby, rapper Kanye West, recently sealed his own fashion deal with retailer Gap, to create a Yeezy line of clothing.

Coty did not immediately respond to Reuters' request for annotate afterward office hours.

(Source: Reuters)

Kim Kardashian West selling stake in her beauty brand for US$200m to Coty

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