THE WHAT? Kim Kardashian is said to have entered negotiations to repurchase the minority stake in her Skkn by Kim brand that was signed over to Coty in 2020, according to a report published by The Wall Street Journal.
THE DETAILS The sale price is yet to be agreed for the 20 percent interest Coty holds in the brand formerly known as KKW. At the time of purchase, Coty was said to have paid US$200 million for its minority share, placing a total value of US$1 billion on the fragrance and make-up line.
THE WHY? The Wall Street Journal, quoting ‘people familiar with the matter’ reveals that Kim Kardashian is planning to take back control in order to facilitate a move into other beauty categories.
Buying aesthetics supplies typically involves sourcing these items from licensed distributors, manufacturers, or specialized suppliers who cater specifically to the needs of aesthetic professionals. These supplies are integral to performing aesthetic treatments aimed at enhancing skin appearance, addressing various skin concerns, and improving overall beauty and wellness.
Examples of aesthetics supplies include:
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Dermal Fillers: Injectable substances used to add volume and reduce wrinkles.
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Botulinum Toxin (Botox): Injectables used to temporarily relax facial muscles and reduce wrinkles.
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Laser Devices: Equipment used for hair removal, skin rejuvenation, tattoo removal, and other laser treatments.
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Chemical Peels: Solutions applied to the skin to exfoliate and improve texture.
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Microdermabrasion Devices: Tools used for mechanical exfoliation to rejuvenate skin.
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Microneedling Devices: Devices that create tiny punctures in the skin to stimulate collagen production.
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Cosmeceuticals: Skincare products that contain biologically active ingredients with pharmaceutical-like benefits.
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Sterilization and Disinfection Products: Essential for maintaining hygiene and preventing infections in clinical settings.
