Back in June, it was reported Kim Kardashian was selling a 20% stake in her KKW brand for $200 million to COTY.
The deal was finalized on Tuesday.
In a statement Kim said, I’m so proud of how the KKW brand has grown over the last 4 years and I look forward to working with COTY for the next phase of innovation and advancement.
In 2022 she plans to launch a skincare line.
She also plans to expand into other areas of beauty like hair and nails.