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Acquires a 20% stake in Kim Kardashian West’s business for $200 million.
January 5, 2021
By: Happi Staff
Coty Inc. has completed its acquisition of a 20% ownership interest in Kim Kardashian West's business for $200 million. The strategic transaction was announced in June 2020 and completed on schedule in Q3 fiscal year 2021. Together, Coty and Kardashian West will focus on entering new beauty categories and global expansion beyond existing product lines. This includes the development of her skincare line, which remains on track for an expected launch in fiscal year 2022. Leveraging Re...
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