Kim Kardashian West sold a stake in her beauty brand to Coty for $200 million, in a deal that values the TV reality star’s three-year-old business at $1 billion.
."You’ve weathered the craziest storms and now God is shining on you and our family. So blessed this is still life. So I made you this still life. We love you so much."Yes, Kanye West is a billionaire.Kardashian West, who stars on the long-running reality TV show “Keeping Up With the Kardashians,” founded KKW Beauty in 2017 and tapped into her hundreds of millions of social media followers to sell lip gloss, body foundation and perfume.
In the new partnership, Kardashian West will still help create new products and promote KKW Beauty online. Coty plans to expand the brand into more countries around the world and possibly into other categories, like skin creams and shampoos. It also hopes the buzzy brand can help boost sales and connect with younger shoppers who spend a lot of time on social media.
"This relationship will allow me to focus on the creative elements that I’m so passionate about while benefiting from the incredible resources of Coty, and launching my products around the world," Kardashian West said in a
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