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THE WHAT? Kim Kardashian is claimed to have entered negotiations to repurchase the minority stake in her Skkn by Kim model that was signed over to Coty in 2020, based on a report printed by The Wall Avenue Journal.
THE DETAILS The sale value is but to be agreed for the 20 % curiosity Coty holds within the model previously often known as KKW. On the time of buy, Coty was stated to have paid US$200 million for its minority share, putting a complete worth of US$1 billion on the perfume and make-up line.
THE WHY? The Wall Avenue Journal, quoting ‘folks accustomed to the matter’ reveals that Kim Kardashian is planning to take again management with a view to facilitate a transfer into different magnificence classes.
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