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Kim Kardashian West sells 20% stake of her beauty line to Coty for $200m

Fashion and Lifestyle

Kim Kardashian West sells 20% stake of her beauty line to Coty for $200m

Kim Kardashian West sells 20% stake of her beauty line to Coty for $200m acquires a 20 percent stake in ’s make-up brand 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 put on West’s half-sister Kylie Jenner’s business when it bought a 51 percent stake last year.

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By buying only a minority stake in this time, does have the option to later acquire a majority stake in , said one of the people familiar with the deal terms.

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Simona Cattaneo, president of luxury brands, said the deal would help accelerate changes at the company: “ is committed to becoming more focused and strategic as it transforms over the coming weeks and months.”

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The announcement comes days after Kim’s husband Kanye West revealed that his fashion brand Yeezy had signed a 10-year deal with Gap.

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