Coty sells minority stake in Kim Kardashian's beauty brand to Skims

Coty and Kardashian are parting ways. The beauty conglomerate has sold its 20% stake in the SKKN by Kim brand to Skims, the lifestyle company co-founded by Kim Kardashian and Jens Grede. In parallel, Skims also purchased Kim Kardashian's 80% majority stake in SKKN. Thus, Skims will be uniting Kim Kardashian's beauty and lifestyle ventures under one brand, including Kim Kardashian's all beauty NIL rights. The financial terms of the deal were not disclosed. SKKN by Kim was founded in 2022... - Industry buzz

Mar 25, 2025 - 00:47

Coty and Kardashian are parting ways. The beauty conglomerate has sold its 20% stake in the SKKN by Kim brand to Skims, the lifestyle company co-founded by Kim Kardashian and Jens Grede. In parallel, Skims also purchased Kim Kardashian's 80% majority stake in SKKN.
Thus, Skims will be uniting Kim Kardashian's beauty and lifestyle ventures under one brand, including Kim Kardashian's all beauty NIL rights. The financial terms of the deal were not disclosed.
SKKN by Kim was founded in 2022... - Industry buzz