Coty sells stake in Kim Kardashian beauty brand Skkn to Skims [Yahoo! Finance]
PVH Corp. (PVH)
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Source: Yahoo! Finance
Coty sold its 20% stake in the Kim Kardashian-backed beauty brand Skkn by Kim to Skims, the company announced Friday. The financial terms of the deal were not disclosed. Following the close of the transaction Skims will unite its beauty and lifestyle ventures under one brand. Coty first announced its partnership with Kardashian in 2020 and acquired a 20% stake in the beauty brand the following year for $200 million. When Coty and Kardashian first announced their partnership, the goal was to further the beauty brand's business globally. Now, Coty's divestment in Skkn will enable Kardashian to consolidate her brands, marking a “pivotal” expansion for Skims , taking its portfolio beyond apparel, the company said in a separate release. "My mission has always been to create products that resonate deeply — whether it's shapewear and lingerie that empowers or make-up and skincare that transforms," Kardashian, Skims chief creative officer and co-founder, said in a statement. "Uniting
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PVH
Earnings
- 12/3/25 - Beat
PVH
Sec Filings
- 12/22/25 - Form 3
- 12/18/25 - Form 4
- 12/8/25 - Form 10-Q
- PVH's page on the SEC website