Coty Sells Kim Kardashian Beauty Stake
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Entertainment
Coty sells its stake in Kim Kardashian's beauty brand to SKIMS

77% Informative
CoverGirl parent Coty will sell its 20% stake in Kim Kardashian's beauty brand to her clothing line, SKIMS.
Coty said it would use the proceeds from the sale to reduce debt and invest in innovations.
The New York -based lipstick maker has been struggling to lift sales, owing to muted spending from cost-conscious consumers.
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