×
77 440
Fashion Jobs
BANANA REPUBLIC
Asset Protection Service Representative
Permanent · New York
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Williamsburg
KOHLS
Full-Time Loss Prevention Officer
Permanent · Milpitas
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Hiram
KOHLS
Full-Time Loss Prevention Officer
Permanent · San Rafael
KOHLS
Full-Time Loss Prevention Officer
Permanent · San Jose
L'OREAL GROUP
Packaging Operator, Friday-Sunday Nights (7pm-7am)
Permanent · Franklin Township
NIKE
Global Director – Consumer Creation Communications – Kids
Permanent · Beaverton
NIKE
Demand And Supply Management Analyst/Planner
Permanent · Beaverton
NIKE
Demand And Supply Management Senior Planner
Permanent · Beaverton
JORDAN
North America Jordan Brand Marketing Manager, Men's
Permanent · Beaverton
JORDAN
na Jordan Brand Marketing Manager, Women’s
Permanent · Beaverton
NIKE
North America Logistics Manager
Permanent · Beaverton
NIKE
Marketplace Operations Senior Business Analyst
Permanent · Beaverton
NIKE
Senior Director – Consumer, Marketplace & Marketing Architecture
Permanent · Beaverton
OLD NAVY
Regional Visual Manager - Tennessee Region
Permanent · Nashville
FOOT LOCKER
sr. Manager, Product, Leed
Permanent · New York
FOOT LOCKER
sr. Manager of Operations - Distribution Center - Pennsylvania
Permanent · Camp Hill
NORDSTROM
Asset Protection - Agent - Spokane Valley Plaza Rack
Permanent · Spokane
JCPENNEY
Asset Protection Security Specialist
Permanent · Plano
JCPENNEY
Senior Advertising Art Director - Beauty, Fashion, Marketing
Permanent · Plano
SALLY BEAUTY CORPORATE
Outside Sales Representative -Cosmoprof
Permanent · Cameron Park
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 © 2022 FashionNetwork.com All rights reserved.