Coty Divests Stake in SKKN by Kim
Coty Inc. (NYSE: COTY) has announced the sale of its 20% stake in SKKN by Kim to SKIMS, marking the end of its partnership with Kim Kardashian. Following this transaction, SKIMS will consolidate the beauty and lifestyle ventures under a single brand.
The partnership, which began with Coty's investment in Kim Kardashian's beauty business in 2020 and was completed in 2021, has now concluded. Anna von Bayern, CEO of Kylie Cosmetics, highlighted the company's continued success with Kylie Cosmetics, which has grown 1.5x in the last two years and where Coty maintains majority ownership and perpetual license.
The proceeds from this divestment will be used to advance Coty's deleveraging strategy and invest in broader brand portfolio innovations. Coty continues to operate with its extensive prestige and mass beauty brands across fragrance, color cosmetics, skin and body care categories.
Coty Inc. (NYSE: COTY) ha annunciato la vendita della sua partecipazione del 20% in SKKN by Kim a SKIMS, segnando la fine della sua partnership con Kim Kardashian. A seguito di questa transazione, SKIMS consoliderà le iniziative di bellezza e lifestyle sotto un unico marchio.
La partnership, iniziata con l'investimento di Coty nel business di bellezza di Kim Kardashian nel 2020 e completata nel 2021, si è ora conclusa. Anna von Bayern, CEO di Kylie Cosmetics, ha evidenziato il continuo successo di Kylie Cosmetics, che è cresciuta di 1,5 volte negli ultimi due anni, dove Coty mantiene la maggioranza e una licenza perpetua.
I proventi di questa dismissione saranno utilizzati per avanzare nella strategia di deleveraging di Coty e investire in innovazioni più ampie del portafoglio marchi. Coty continua a operare con i suoi ampi marchi di bellezza di prestigio e di massa in diverse categorie, tra cui profumi, cosmetici colorati e cura della pelle e del corpo.
Coty Inc. (NYSE: COTY) ha anunciado la venta de su participación del 20% en SKKN by Kim a SKIMS, marcando el final de su asociación con Kim Kardashian. Tras esta transacción, SKIMS consolidará las iniciativas de belleza y estilo de vida bajo una sola marca.
La asociación, que comenzó con la inversión de Coty en el negocio de belleza de Kim Kardashian en 2020 y se completó en 2021, ha llegado a su fin. Anna von Bayern, CEO de Kylie Cosmetics, destacó el continuo éxito de Kylie Cosmetics, que ha crecido 1.5 veces en los últimos dos años, donde Coty mantiene la propiedad mayoritaria y una licencia perpetua.
Los ingresos de esta desinversión se utilizarán para avanzar en la estrategia de desapalancamiento de Coty e invertir en innovaciones más amplias del portafolio de marcas. Coty sigue operando con sus amplias marcas de belleza de prestigio y de masas en varias categorías, incluyendo fragancias, cosméticos coloridos y cuidado de la piel y el cuerpo.
Coty Inc. (NYSE: COTY)는 SKKN by Kim의 20% 지분을 SKIMS에 매각한다고 발표하며, 김 카다시안과의 파트너십이 종료됨을 알렸습니다. 이번 거래 이후 SKIMS는 뷰티 및 라이프스타일 사업을 하나의 브랜드로 통합할 예정입니다.
2020년 김 카다시안의 뷰티 사업에 대한 Coty의 투자로 시작된 파트너십은 2021년에 완료되었으며, 이제 종료되었습니다. Kylie Cosmetics의 CEO인 Anna von Bayern은 Coty가 다수의 지분과 영구 라이센스를 보유하고 있는 Kylie Cosmetics의 지속적인 성공을 강조했습니다. Kylie Cosmetics는 지난 2년 동안 1.5배 성장했습니다.
이번 매각에서 발생한 수익은 Coty의 부채 감소 전략을 진행하고 더 넓은 브랜드 포트폴리오 혁신에 투자하는 데 사용될 예정입니다. Coty는 향수, 색조 화장품, 피부 및 바디 케어 카테고리 전반에 걸쳐 다양한 프레스티지 및 대중 뷰티 브랜드를 운영하고 있습니다.
Coty Inc. (NYSE: COTY) a annoncé la vente de sa participation de 20 % dans SKKN by Kim à SKIMS, marquant la fin de son partenariat avec Kim Kardashian. Suite à cette transaction, SKIMS va consolider les initiatives de beauté et de style de vie sous une seule marque.
Le partenariat, qui a commencé avec l'investissement de Coty dans l'entreprise de beauté de Kim Kardashian en 2020 et s'est achevé en 2021, est désormais terminé. Anna von Bayern, PDG de Kylie Cosmetics, a souligné le succès continu de Kylie Cosmetics, qui a connu une croissance de 1,5 fois au cours des deux dernières années, où Coty détient la majorité et une licence perpétuelle.
Les revenus de cette désinvestissement seront utilisés pour faire avancer la stratégie de désendettement de Coty et investir dans des innovations plus larges du portefeuille de marques. Coty continue d'opérer avec ses nombreuses marques de beauté de prestige et de masse dans les catégories parfum, cosmétiques colorés et soins de la peau et du corps.
Coty Inc. (NYSE: COTY) hat den Verkauf seiner 20% Beteiligung an SKKN by Kim an SKIMS bekannt gegeben, was das Ende der Partnerschaft mit Kim Kardashian markiert. Nach dieser Transaktion wird SKIMS die Beauty- und Lifestyle-Initiativen unter einer einzigen Marke konsolidieren.
Die Partnerschaft, die 2020 mit Cotys Investition in Kim Kardashians Beauty-Geschäft begann und 2021 abgeschlossen wurde, ist nun beendet. Anna von Bayern, CEO von Kylie Cosmetics, hob den anhaltenden Erfolg von Kylie Cosmetics hervor, das in den letzten zwei Jahren um das 1,5-fache gewachsen ist, wobei Coty die Mehrheit und eine unbefristete Lizenz hält.
Die Einnahmen aus dieser Desinvestition werden verwendet, um Cotys Schuldenabbau-Strategie voranzutreiben und in breitere Markenportfolio-Innovationen zu investieren. Coty betreibt weiterhin eine Vielzahl von Prestige- und Massen-Schönheitsmarken in den Kategorien Duft, Farbkosmetik sowie Haut- und Körperpflege.
- Proceeds will support deleveraging strategy and portfolio investments
- Kylie Cosmetics shows strong growth with 1.5x increase in 2 years
- Maintains majority ownership and perpetual license of Kylie Cosmetics
- Loss of strategic partnership with Kim Kardashian's beauty brand
- Divestment of 20% stake in SKKN reduces portfolio diversity
Stake acquired by SKIMS for next chapter of brand journey
Coty to use proceeds to progress deleveraging strategy and invest in wider brand portfolio innovations
Anna von
Coty first announced the investment in Kim Kardashian’s beauty business in 2020 and completed the transaction in 2021. Coty has highly attractive prestige and mass beauty brands across fragrance, color cosmetics, skin and body care and regularly evaluates the potential of each part of its diverse and innovative portfolio. The company's best-in-class R&D, global manufacturing and distribution footprint allows Coty and its partners to capture consumer demand across price points, channels, categories and markets.
About Coty Inc.
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Investor Relations
Olga Levinzon
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Olga_Levinzon@cotyinc.com
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Source: Coty
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