Coty makes $200M deal with Kim Kardashian West

Coty Inc. has agreed to a acquire a 20% ownership interest in Kim Kardashian West’s beauty business for $200 million. Under the terms of the agreement, Coty (NYSE: COTY) will have overall responsibility for the portfolio’s global development in skincare, haircare, personal care and nail products. The transaction is part of Coty’s renewed emphasis on its beauty business and ongoing effort to become more agile and focused, the company said. The acquisition is expected to close in the third…