Company behind Kylie Jenner and Kim Kardashian beauty brands sues Coty - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

The company behind Kim Kardashian and Kylie Jenner's beauty brands says a competitor stole trade secrets when it invested in the family's businesses

"Out of deep respect for Kylie Jenner, Kim Kardashian, and the highly successful businesses Seed created with them, Seed attempted to resolve this dispute privately and repeatedly asked for assurances related to leakage of Seed proprietary information from King Kylie to Coty," Seed said in the partially redacted complaint filed Tuesday in Los Angeles superior court.

Seed is asking the court for another injunction like the one it received earlier in June, which prevents Kardashian West from sharing trade secrets in her deal with Coty. Coty, which has not yet formally responded to the suit, declined to comment. Representatives for Jenner did not immediately respond to a request for comment. The first court hearing is scheduled for October.

"The partnership is consistent with COTY's goals of using social media-driven brands to expand consumer reach given Kim Kardashian West's appeal with the Gen X and older millennials and the exposure Kim's half-sister Kylie Jenner has with the Gen Z and younger millennials," Andrea Teixeira, an analyst at JPMorgan, told clients this week.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Forbes and others claim exactly the opposite, that she cooked the book to overvalue the company, and tha Coty paid a fortune (even based on the overvalued profit) and lost a crazy amount of money . 'stole Trade secret' , come on, Coty are a real cosmetic giants,with know how

They should feel lucky. I've been raped & pillaged and they're expecting payouts on my slave labor.

Just like how she made those poor people work on her manufacturing and not paying a dime eventually for all their effort. Shame on you Kylie! You disgust me.

🤣

Oh wow, that is insane! Want to hear something even more insane? Minority women still struggle to find investors and funding for their businesses in spite of their growing numbers in entrepreneurship. 🤯

Taking pictures of overly makup'd, skimpily clothed women and plastering it over the web?

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How Quibi is working with influencers, inside its strategy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. The status quo wins another day.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside Chinese smartphone giant Vivo's 32-floor tower HQ - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. They said they gonna built this in Delhi. They betrayed me. vivopakistan you should consider this as well & it's not impossible.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Kylie Jenner's Beauty Company Sued Over Coty Cosmetics Buyout DealKing Kylie is being taken to court over the multi-million dollar deal she struck with Coty, Inc. ... how unfortunate I’m not pulling out either. 10 Billionaires Who Are Now Broke.
Source: TMZ - 🏆 379. / 59 Read more »