Kim Kardashian aims to regain ownership of her skincare brand, SKKN By Kim, by repurchasing a 20% stake from Coty.
The potential deal comes three years after Kardashian made a staggering $200 million from the initial sale.
By acquiring the minority stake, Kardashian intends to expand the beauty categories within SKKN By Kim.
Negotiations for the repurchase, including the price, are still underway and may face hurdles.
Coty, a global beauty conglomerate, purchased a 20% stake in Kim Kardashian's cosmetics enterprise for $1 billion in 2020.
Sue Y Nabi, a highly accomplished businesswoman, is the CEO of Coty and brings extensive expertise in the cosmetics industry.
Nabi's leadership has focused on strategic areas, building brand reputations and driving double-digit growth.
Kim Kardashian's pursuit of repurchasing her stake demonstrates her commitment to the success of SKKN By Kim.
The partnership between Coty and Kim Kardashian has opened new opportunities in the rapidly growing beauty market.
The outcome of the negotiations holds promise for mutual benefits and further success for both parties in the competitive beauty industry.