Reported 1 day ago
Coty Inc. has announced the sale of its stake in Kim Kardashian's beauty brand to her underwear company, Skims, ending their partnership. Coty had acquired a 20% stake in SKKN by Kim for $200 million in 2021 but will maintain its majority stake in Kylie Cosmetics, owned by Kardashian's half-sister Kylie Jenner. The decision follows frustrations expressed by both Kardashian and Jenner regarding Coty’s management of their brands.
Source: YAHOO