Kim Kardashian cashes in
The Canadian Press – Jun 29, 2020 / 8:04 am | Story: 304022
Photo: CTV News
Kim Kardashian West is selling a stake in her beauty brand for $200 million, in a deal that values the TV reality star’s three-year-old business at $1 billion.
The buyer is Covergirl owner Coty Inc., which will get a 20% stake in KKW Beauty. Coty seems to be enamoured with the Kardashians: Last year, it bought a 51% stake in the makeup line started by Kardashian West’s younger sister, Kylie Jenner.
“Kim is a true modern day global i