Kim Kardashian finalizes a 20 percent sale of ownership of her beauty line to Coty for $200M

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

Kylie Jenner’s cosmetics company sued over fears trade secrets will be revealed to Coty

Kylie Jenner’s cosmetics company King Kylie has been sued by Seed Beauty over fears their trade secrets will be shared with Coty, the beauty conglomerate which owns a 51% stake in the reality star’s makeup line.  King Kylie, Kylie’s old parent company that has been working with Seed since 2016, allegedly refused to sufficiently assure … Read more

Kim Kardashian’s beauty line valued at $1 billion in Coty deal 

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

Now Kim’s a BILLIONAIRE! Coty Inc splashes out $200m on 20% of Kardashian’s beauty empire

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

Stocks in Coty dive off the back of Kylie Jenner 22 getting kicked off Forbes Billionaire List

Shares of Coty plummeted 13 percent on Friday after Forbes magazine kicked Kylie Jenner off it’s billionaire’s list and accused her of ‘inflating the value of her cosmetics business for years.’ Forbes published an article based on an examination of financial filings after the beauty mogul sold a majority share in her cosmetics company.   Jenner … Read more