Coty is to buy a $200 million stake in Kim Kardashian West’s make-up brand after putting $600 million into her half-sister’s beauty business this year. The American cosmetics group, which owns Max Factor, is buying 20 per cent of KKW, a company that Ms Kardashian West set up three years ago. Coty, founded in Paris by Francois Coty in 1904, makes cosmetics, perfumes and hair and skincare products. In November, Coty said it was buying 51 per cent of Kylie Cosmetics, a company founded four years ago by Kylie Jenner, valuing her business at $1.2 billion. Ms Jenner, 22, and Ms Kardashian West, 39, starred together on Keeping

Source: The Times June 29, 2020 23:03 UTC