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Kim Kardashian Closes $200 Million Deal As Coty Buys Part Of Her KKW Beauty Company

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A big business move is putting major bills into Kim Kardashian’s bank account, as it was confirmed that she sold 20 percent of KKW Beauty to Coty on Jan. 5.

The beauty company Coty has purchased 20 percent of Kim Kardashian’s KKW Beauty company for $200 million. The deal was finalized on Jan. 5 after 19 months of planning and negotiating. “I’m so proud of how the KKW brand has grown over the past four years, and I look forward to working with Coty for the next phase of innovation, advancement and the ability to bring new launches to customers all around the world,” Kim said in a statement.

Under the collaboration with Coty, Kim and her team will continue to be the creative minds behind KKW Beauty. Coty will step in to help with product development, while also aiding the brand with expanding into areas, like haircare, personal care and nail products. Already, there is a new KKW skincare line slated for a 2022 release under this new partnership.

Kim Kardsahian stuns in an all blue outfit. (MEGA)

Coty and Kim actually came to a financial agreement for this acquisition back in July, but the deal was not finalized until now. The sale of 20 percent of KKW Beauty helped Kim reach billionaire status. “Kim’s success is based off of hard work,” a source told HollywoodLife EXCLUSIVELY at the time. “She’s proud of what she’s achieved because it shows her kids that if you put your mind and ability to something, the rewards are endless.”

Kim is not the first sister to sign a deal with Coty, though! In 2019, Kylie Jenner gave up more than half her share of Kylie Cosmetics and Kylie Skin to the company. She sold 51 percent of her brands to Coty for a whopping $600 million! The huge business move helped her earn the title of Highest Paid Celebrity in 2020, according to Forbes.

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Kim Kardashian attends the Vanity Fair Oscar Party. (MEGA)

Kim launched KKW Beauty in June 2017, and it was followed up by KKW Fragrance in November of that year. KKW Beauty has products for lips, eyes, face, body and more. Additionally, Kim also created a shapewear collection called SKIMS in 2019.

“Kim shares our true passion for beauty products, and this acquisition allows us to leverage our respective strengths for mutual benefit and value creation,” Coty’s CEO said after closing the KKW Beauty deal. “Coty brings unique IP in skincare, the scientific knowledge of the skin as reflected in our formulation know-how, while Kim brings a huge global following and unparalleled influence over consumer choice. She has a unique ability to read the latest beauty and wellness trends, while we have the expertise on global product positioning, access to a vast global distribution network and the resources to enter new beauty categories. I look forward to working closely with Kim and her team and I’m excited by everything we will achieve together.”

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Mary Kate Olsen Laughs At Dinner With Friend In Rare Public Photos 4 Mos. After Finalizing Divorce

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Mary Kate Olsen Laughs At Dinner With Friend In Rare Public Photos 4 Mos. After Finalizing Divorce


A year after Mary Kate Olsen filed for divorce from Olivier Sarkozy– and months after she made the split official – the fashion icon was spotted laughing it up with a friend in NYC.

It’s rare to see an Olsen twin out in the wild. It’s even rarer to spot them laughing. Such an astonishing occurrence took place on Tuesday (May 4) when Mary-Kate Olsen met with stylist Brian Molloy at the French bistro Buvette in Manhattan’s West Village. Mary-Kate, 34, who finalized her divorce from Olivier Sarkozy at the start of the year, enjoyed a drink with Brian, who Page Six reports worked with The Row fashion label – which is owned by Mary-Kate and her sister, Ashley Olsen. Mary-Kate cracked up during the friendly hang (click here to see pics) and threw her head back in laughter. Considering all the heartache she’s dealt with over the past year, it seems like she needed this moment of levity.

Mary-Kate Olsen attends the Longines Global Champions Tour in 2019 (Shutterstock)

Mary-Kate filed for divorce in late May 2020, five years after she and Sarkozy tied the knot in an intimate, 50-person ceremony at a private New York City residence. The two became engaged in 2014, after two years of dating, and for a moment, it seemed like the former Full House star had found a happy ending. Instead, she found a broken heart and a legal headache. She reportedly signed a summons and a complaint for divorce in mid-April, but the courts weren’t accepting divorce filings at the time due to the rampant COVID-19 pandemic. Her request for an emergency exception was denied, as the courts declared the matter “non-essential.” Mary-Kate filed again in May when the courts re-opened.

Olivier Sarkozy and Mary-Kate Olsen Attend Take Home A Nude Eve Sotheby’s in 2017 (MEGA)

Roughly eight months later, the split was made official. “So, we have reached a final agreement,” said Michael Mosberg, the layer for Sarkozy, during the video hearing in January 2021. “We, as of this morning, reached the final agreement. We just need to revise that agreement, get it executed, and get it to you, which we will have by the end of next week, but … the deal is now done.” Mary-Kate and Olivier — who is the half-brother of former French President Nicolas Sarkozy – reported had an ironclad prenuptial agreement. Mary-Kate’s net worth was an estimated $250 million in 2020, according to StyleCaster.

A month after finalizing the details of her divorce, Mary-Kate was spotted having dinner with Brightwire founder and CEO John Cooper at restaurant Estiatorio Milos in New York City. The duo was seated with another couple, and it appeared she was having a relaxed, low-key night.

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Megan Fox Stuns In Sheer Top & Leather Pants For New Photos — See Pics

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Megan Fox has turned heads in a black outfit, including a sheer top, while posing underneath a neon sign in the shape of a halo.

Megan Fox truly looked like an angel when she posed underneath a light-up halo in her latest Instagram snap. The 34-year-old actress took to social media on May 4, to share two snaps of herself rocking a black ‘fit. In the pics, she offered the camera a sultry look, as she wore a skintight, sheer black tank top and PVC leather pants. The Transformers star, who has been dating rocker Machine Gun Kelly, slicked her raven tresses back into a ponytail, while allowing a few strands of hair to frame either side of her face.

She cheekily poked her tongue out at the came in one of the snaps, as she rocked dark, smoky makeup while posing in front of a pink and purple dreamscape background. In the caption, she wrote in an upside down font, “A case of mistaken identity.” It comes just a couple of weeks after Megan helped her new beau celebrate his 31st birthday in Los Angeles. The pair also recently went to the UFC 260 fight in Las Vegas for a double date with Travis Barker, 45, and new girlfriend Kourtney Kardashian, 41.

A source close to the couple recently told HollywoodLife EXCLUSIVELY that the pair love double dates. “This was not the first time Kourtney and Travis have hung out with Megan and Colson. Colson is over at Travis’s house a lot and Megan is usually with him, so Kourtney has gotten to know both of them through Travis and they’ve all become friends now,” the insider dished.

MGK and Megan are around the one-year mark in their relationship, after first meeting on set of the film Midnight in the Switchgrass in Mar. 2020. They immediately fell hard for each other, and were first photographed out in Los Angeles amid quarantine for her birthday in May.

Two days later, Megan’s husband of nearly 10 years, Brian Austin Green, confirmed he and the Transformers star had separated. Megan finally filed for divorce in Nov. 2020. 2020 was the year of PDA filled dates, for the couple, with MGK even confessing that he was “in love” with Megan during a June 2020 Instagram video. We couldn’t be happier for them!



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The Bidens Are Called ‘Giants’ After Visiting ‘Tiny’ Jimmy & Rosalynn Carter: See The Pic

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Joe and Jill Biden recently paid a visit to Jimmy and Rosalynn Carter in Georgia, and the photo of the foursome from the meeting has left the Internet quite confused.

Are Joe Biden and Jill Biden giants? That’s what so many people are asking after seeing a new photo of the President and First Lady with former president Jimmy Carter and his wife, Rosalynn Carter. The image was taken when Joe and Jill visited the Carters in Georgia at the end of April, and it went viral after it was shared by the Carter Center on May 3.

In the image, Jimmy and Rosalynn are seated in armchairs. Joe is kneeling down next to Rosalynn, while Jill is doing the same beside Jimmy, even giving him a fist bump. All four political figures have huge smiles on their faces as they pose for the camera. It’s the size of the Bidens compared to the tiny-looking Carters that got everyone talking, though! “Honey I Shrunk the Carters looks hilarious,” one person tweeted, while another wrote, “Is this just a weird angle or are the Carters very small?”

Many pointed out that the photo looked like an “optical illusion” because of the difference in size between the couples. Of course, in reality, it’s likely nothing more than camera angle and lighting that’s having the effect of making the Carters look so small compared to the Bidens. Plus, Jimmy is 96 to Joe’s 78, while Rosalynn is 93, in comparison to Jill’s 69 years.

Still, the image sparked a major discussion on Twitter. “This photo is legitimate surrealism,” someone said. “It looks like the Carters are extremely small, but it almost seems like the more pressing issue is that the Bidens are literally giants. Everything is small other than Joe and Jill.” Another person wrote, “Is this real? I mean seriously — it looks photoshopped. Are the Carters little people with miniature furniture?” Some people also began sharing other images of extremely tall people next to very short people in comparison.

The Carters and Bidens have been long political allies. Jimmy Carter served as president from 1977 until 1981, while Joe was Barack Obama’s Vice President from 2009 until 2017, followed by his own run as president, which began in Jan. 2021.  Both men have had their wives by their sides throughout their political careers. Jimmy and Rosalynn were married in in 1946, and will celebrate 75 years of marriage in July. Meanwhile, Joe met Jill on a blind date in 1975, three years after the death of his first wife, Neilia. They tied the knot in 1977 and have been together ever since.



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