Coty stock price jumps on Kim Kardashian West beauty line deal - Business Insider

skyrocketed as much as 15% Monday to $4.82 after the company agreed to buy a 20% stake in Kim Kardashian West's beauty business for $200 million.

The company said Monday it expects the deal to close in the third quarter of the year. All products will be sold online and through luxury beauty retailers. , Kardashian West's half-sister, acquiring a majority stake in Jenner's brands for $600 million.

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