According to numerous sources, Coty Inc., has bought a 20% stake at Kim Kardashian West's KKW beauty with the sum of $200 Million. Nevertheless, Kim Kardashian West is the major owner not like her sister, Kylie who sold majority of her stake to Coty Inc.
"This relationship will allow me to focus on the the creative elements that I'm so passionate about while benefitting from the incredible resources of Coty and launching my products around the world," Kim Kardashian West tells TMZ.
Kim Kardashian West's KKW beauty is now valued/worth $1B while Kim Kardashian West herself is worth $900 Million, according to Forbes. Coty Inc., was the same beauty company that bought a major stake from Kylie Jenner's cosmetics company last year for $600 Million.
The major difference between Kim Kardashian West and Kylie Jenner is that Kim still owns the major stake/major owner in her company while Kylie Jenner doesn't.
No comments:
Post a Comment