Kim Kardashian, Kylie Jenner reportedly eyeing to buy back stake in businesses from Coty
Both Kim Kardashian and Kylie Jenner are reportedly looking into buying back the stake in their respective businesses sold to Coty.
According to a recent report in The Wall Street Journal, Kardashian has expressed interest in buying back a percentage of her SKKN line. Coty originally acquired a 20% ownership of the brand back in 2020.
Kardashian is looking to buy back a stake in her brand to help expand the line’s beauty categories, but the talks seem to have stalled.
[Read more: Coty, Kim Kardashian launch SKKN By Kim skin care line]
Kim’s younger sister, Kylie Jenner is also interested in taking back ownership of her cosmetics line Kylie Cosmetics, which was sold to Coty back in 2019, according to a Bloomberg report.
Reports state that the relationship between the reality stars and the beauty company is strained over how their respective brands are being managed.
[Read more: Coty brings new exec to Kylie Cosmetics as deal closes]
Neither Kim Kardashian, Kylie Jenner or Coty have issued statements regarding these reports. This story is still developing, to say the least.