Coty sells stake in SKKN by Kim Kardashian to SKIMS, ending partnership

From Nasdaq: 2025-03-22 00:08:00

Coty Inc. has sold its 20% stake in Kim Kardashian’s beauty business, “the SKKN by Kim”, to SKIMS, ending their partnership. SKIMS plans to consolidate its beauty and lifestyle ventures under a unified brand. Coty will use proceeds from the divestment to progress deleveraging strategy and invest in wider brand portfolio innovations. The investment in Kim Kardashian’s beauty business was announced in 2020 and completed in 2021.



Read more at Nasdaq: Coty Concludes Partnership With Kim Kardashian’s SKKN, Sells Stake In Brand To SKIMS