Coty has agreed to buy a 20 percent stake in Kim Kardashian West’s make-up brand KKW for $200m, just months after the American multinational beauty company closed a $600m deal with her sister, Kylie Jenner. According to the Financial Times, the deal values Kim’s cosmetics company at $1bn, slightly lower than the $1.2 billion valuations Coty put on West’s half-sister Kylie Jenner’s business when it bought a 51 percent stake last year. By buying only a minority stake …
Tag: Coty
Beauty products giant Coty announced Monday a deal with KYLIE JENNER to take a majority stake in Kylie Jenner’s cosmetics and skincare company, marrying Jenner’s celebrity prominence with Coty’s distribution and commercial prowess. Under the transaction, Coty, whose brands include Hugo Boss and Burberry fragrances, will pay $500 million for a 51 per cent stake in Jenner’s company. Jenner, the youngest daughter of Kris Jenner and Caitlyn Jenner, formerly known as Bruce Jenner, has more than 270 million social media …