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Kim Kardashian West Sells Stake in Beauty Brand for $200M - Black News Channel

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By JOSEPH PISANI AP Retail Writer/ BNC Contributor NEW YORK (AP) — Kim Kardashian West is selling a stake in her beauty brand for $200 million, in a deal that values the TV reality stars three-year-old business at $1 billion. The buyer is Covergirl owner Coty Inc., which will get a 20% stake in KKW Beauty. Coty seems to be enamored with the Kardashians: Last year, it bought a 51% stake in the makeup line started by Kardashian Wests younger sister, Kylie Jenner. Kim is a true modern day global icon, said Coty CEO Peter Harf, which is similar to []

The post Kim Kardashian West Sells Stake in Beauty Brand for $200M appeared first on Black News Channel.

Source: Black News Channel - Black News Channel
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