KKW BEAUTY Financial Report 2018

According to "Financial Times" citing insiders, Coty Group (Coty) has agreed to buy a 20% stake in Kim Kardashian West's beauty brand KKW Beauty for $200 million. The group's valuation of the beauty brand is US$1 billion, slightly lower than the previous valuation of Kylie Cosmetics' US$1.2 billion. As of yesterday evening, the group has not responded to any requests for comment.

Coty Group CEO Peter Harf emphasized that this cooperation is different from Kylie Cosmetics. The group has a smaller share. According to the agreement, Coty Group will be responsible for KKW beauty's makeup and perfume business, as well as skin care, hair care and nail products that the brand has not yet launched. business.

Kim Kardashian's personal beauty brand KKW Beauty has recently been sued by its product manufacturer Seed Beauty, who believes that the brand is suspected of revealing trade secrets to Coty. According to court documents, the Coty Group earlier disclosed that the cooperation plan being negotiated with KKW Beauty refers to the acquisition of a majority stake in the brand. Seed Beauty is concerned that during the transaction the group will ask to see the confidential information of its company. In addition, the manufacturer also believes that Kylie Cosmetics is also suspected of disclosing confidential business information to Coty.

Kim Kardashian and Kylie Jenner announced on social media that KKW Beauty and Kylie Cosmetics will suspend business