Coty to Divest Stake in Kim Kardashian's Beauty Brand [Yahoo! Finance Canada]
Nike, Inc. (NKE)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Coty, which owns cosmetics brands such as CoverGirl, had acquired a 20% stake in SKKN by Kim for $200 million in 2021. Financial terms of the sale weren't disclosed. Coty will continue to work with Kardashian's half-sister Kylie Jenner's brand, Kylie Cosmetics, in which it owns a majority stake. Kardashian will bring her beauty brand under her Skims umbrella. The company recently announced a partnership with Nike Inc. and was most recently valued at $4 billion in a 2023 funding round. In 2023, both Kardashian and Jenner had expressed frustration with the way Coty had managed their brands and held informal talks to take back ownership of their beauty lines, Bloomberg News previously reported. “I would like to tha
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NKE
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- 3/20/25 - Beat
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- 3/10/25 - Form 8-K
- 2/18/25 - Form 4
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