The cosmetics company is in talks with Kim Kardashian West for a possible collaboration “with respect to certain beauty products,” according to a regulatory filing. The possible partnership comes just months after Coty closed a $600 million deal with the reality TV star’s sister, Kylie Jenner.
Chief Executive Officer Peter Harf, who was named to the post this week, said that he’s “good friends” with the family’s business manager Kris Jenner, who’s also Kardashian West’s and Kylie Jenner’s mother. “I’m very proud that the Jenner family is working with us and have access to them and to other people who are big opinion leaders on social media,” he said on a conference call with analysts Monday.
Coty jumped 7.6% before regular trading Wednesday in New York.
Coty acquired a majority stake in Kylie Cosmetics in a deal that closed in January valuing the business as about $1.2 billion. Jenner’s line became popular for its lip kits that pair a liquid lipstick with pencil lip liner. Kardashian has her own business, KKW Beauty, which is known for its body contour products.
In 2018, Forbes reported the company was valued at $800 million, and in March 2019, valued the company at $900 million.
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Kylie Cosmetics.
Formerly Kylie Lip Kits (2015–2016)
Area served Worldwide
Key people Kylie Jenner (CEO)
Products Cosmetics, beauty products
Owner Coty, Inc. (51%) Kylie Jenner (
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