(Reuters) – Coutinho’s parent company Coutins Company said on Friday that it will sell 20 percent of its shares in the brand of TV star Kim Kardashian to its fashion line, which is consolidating the two businesses under one brand.
Coutinho, which won a share of Kardashian Skkn in 2021, said it would use the sales revenue to reduce debts and invest in innovations throughout its broad brand Porfolio.
The lip-based lip-based lip-based lip-based lips are fighting for sales, due to the silent costs of conscious users as inflation has risen.
Last month, Coutinho’s annual profits reduced and released a surprising decline in quarter revenue, involving in its larger in Este Lauder in receiving an attack on sales of weak sales of Asian tourist sales.
Anna von Bayern, CEO of Kyli Cosmtics and president of Kim Kardashian’s cosmetics company at Coutinho, said the company will continue to work with brand Kylie Cosmitex.
In 2023, Kim Kardashian is said to be in talks with Coutinho to buy a minority share of its cosmetics company as part of an attempt to expand Skkn cosmetic classes.
Coutinho did not pay the price of the purchase and did not immediately respond to Reuters’ requests to comment.
(Report by Anusha Spring Mestry in Bengalo;