Skims completed the acquisition of a 20% stake in Skkn by Kim from Coty.

Skims, a company specializing in bodywear and lifestyle fashion, completed the acquisition of a 20% stake in Skkn by Kim, a skincare and cosmetics brand, from Coty, a global beauty conglomerate. Financial terms were not disclosed. “Since Coty’s establishment over 120 years ago, we have remained at the forefront of consumer innovation. We are the go-to partner for global brands, fashion houses, and celebrities looking to create leading beauty products. I would like to thank Kim for the partnership and look forward to continuing our work on our hugely successful Kylie Cosmetics brand, which we have grown by 1.5x in the last two years and where we own the majority, as well as hold the perpetual license,” Anna von Bayern, Coty CEO.