Connect with us

Hollywood

Kim Kardashian Sells 20% Of Her ‘KKW Beauty’ Brand for $200 Million

Published

on

Kim
📷 BIGSTOCK/DFREE/UNCRAZED COMPOSITE

Kim Kardashian West has sold off 20% of her KKW Beauty brand for $200 million.

The 40-year-old Keeping Up with the Kardashians reality star made the announcement in a statement, saying Coty purchased the huge share.

Kardashian said, “I’m so proud of how the KKW brand has grown over the past four years, and I look forward to working with Coty for the next phase of innovation, advancement, and the ability to bring new launches to customers all around the world.

This relationship will allow me to lead the development of the creative elements that I specialise in, while benefiting from the incredible resources of an established company like Coty.”

CEO of CotySue Y. Nabi also adds to the statement, saying, “Kim shares our true passion for beauty products, and this acquisition allows us to leverage our respective strengths for mutual benefit and value creation. Coty brings unique IP in skincare, the scientific knowledge of the skin as reflected in our formulation know-how, while Kim brings a huge global following an unparalleled influence over consumer choice.”

You can find more celebrity news on our website.

Advertisement