×
151
Fashion Jobs
NIKE
India Sports Marketing Manager
Permanent · Bengaluru
NIKE
Senior Dynamic Application Security Tester – Cis, Icc, India
Permanent · Bengaluru
PUMA
Senior Manager - Golf Sales (Cpg-Cobra Puma Golf)
Permanent · Bengaluru
PUMA
Manager - Accounts Payable
Permanent · Bengaluru
PUMA
Senior Manager – Teamsport Sales
Permanent · Bengaluru
NIKE
Lead Technical Product Manager – p&m, Icc, India
Permanent · Bengaluru
PUMA
Manager – Customer Reconciliation And Accounts
Permanent · Bengaluru
PUMA
Manager – Warehouse Operations (Ecommerce)
Permanent · Gurugram
PUMA
Warehouse Manager-Offline Business
Permanent · Bengaluru
NIKE
Lead Product Manager, India – ed&a Icc
Permanent · Bengaluru
PVH
Manager, Business Solutions
Permanent · Bengaluru
NIKE
Senior Product Manager - Enterprise Service Management (Esm), India – Tech Ops Icc
Permanent · Bengaluru
NIKE
Identity And Access Management (Iam) Security Operations Engineer, India – Cis Icc
Permanent · Bengaluru
NIKE
Expert Security Incident Coordinator, India – Cis Icc
Permanent · Bengaluru
NIKE
Senior Security Engineer, India – Cis Icc
Permanent · Bengaluru
NIKE
Talent Acquisition Coordinator – India, Icc
Permanent · Bengaluru
SS HOMME - SARAH & SANDEEP
Marketing And PR Intern
Internship · MUMBAI
TARAMA
Graphic Designer
Internship · MUMBAI
MASAR GROUP
IT Support
Permanent · DUBAI
NIKE
Sap Security Engineer – Sec Tech, Icc, India
Permanent · Bengaluru
TLM CONSULTANCY
Merchandising Assistant
Internship · MUMBAI
NIYOSSHIC LUXURY CONSULTANCY
Social Media Intern
Internship · MUMBAI
Published
Jan 5, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Coty completes $200 million KKW Beauty deal

Published
Jan 5, 2021

New York-based beauty company Coty Inc. has announced the completed acquisition of a 20% stake in Kim Kardashian West's beauty business, KKW Beauty, for $200 million.


Twitter @kkwbeauty

 
The deal was first announced in June of 2020. In a press release, Coty said that the company and Kardashian West will focus on entering new beauty categories and global expansion beyond existing product lines, including the development of a skincare line set to launch in fiscal year 2022.

As part of the deal, Kardashian West and her team will lead the creative efforts relating to product and communications initiatives, while Coty will have overall responsibility for the portfolio’s development, including skincare, haircare, personal care and nail products. All products will retail through luxury beauty retailers as well as owned digital channels.

“[Kardashian West] shares our true passion for beauty products, and this acquisition allows us to leverage our respective strengths for mutual benefit and value creation," said Sue Y. Nabi, chief executive officer of Coty.

"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. She has a unique ability to read the latest beauty and wellness trends, while we have the expertise on global product positioning, access to a vast global distribution network, and the resources to enter new beauty categories." 

Kardashian West added: “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."
 
The acquisition marks Coty's latest buy-in to a Kardashian beauty empire since January, when the company completed the acquisition of a majority stake (51%) in Kylie Jenner's Kylie Cosmetics

In June, KKW Beauty was valued at $1 billion. At the time of the Kylie Cosmetics deal announcement in November of 2019, Kyle Cosmetics was valued at $1.2 billion. 

In November, Coty beat analysts' estimates for quarterly revenue as shoppers staying at home amidst the pandemic shopped for beauty online, sending the company's shares 5% higher in premarket trading.

Copyright © 2021 FashionNetwork.com All rights reserved.