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Tuesday, January 19, 2021

Kim Kardashian Makes Another $200 MILLION by Selling 20% of KKW Beauty

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40-year-old ‘Keeping Up With the Kardashians’ star Kim Kardashian can add another $200 MILLION to her already ever-growing fortune!

Kim has just reportedly sold 20% of her company KKW Beauty to cosmetics giant Coty for a whopping $200 MILLION!…The reality-star turned beauty entrepreneur says in a statement about the sale: “I’m so proud of how the KKW brand has grown over the past four years, and I look forward to working with Coty for the next phase of innovation, advancement, and the ability to bring new launches to customers all around the world. This relationship will allow me to lead the development of the creative elements that I specialize in, while benefiting from the incredible resources of an established company like Coty.”

Coty’s CEO Sue Y. Nabi says about the sale: “Kim shares our true passion for beauty products, and this acquisition allows us to leverage our respective strengths for mutual benefit and value creation. Coty brings unique IP in skincare, the scientific knowledge of the skin as reflected in our formulation know-how, while Kim brings a huge global following and unparalleled influence over consumer choice…” Let us know: DO YOU USE KKW BEAUTY?? WHAT ABOUT KYLIE’S LIP-KIT? DO YOU USE THAT TOO???

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