.KimKardashian is inching that much closer to Wall Street. Get all the details here.
, with some speculating that would be an IPO with a valuation in the $60 billion area.
But reports are circulating that the billionaire is in talks to regain total ownership of her beauty business. “Though the value of the brand is likely lower today, debt paydown is a priority for Coty and the repurchase could help accelerate deleveraging efforts,” she said.Since Coty became involved in the business, it has expanded into luxury skin care with a pricey launch with Skkn. Coty CEO Sue Nabi previously said it is performing above expectations and that one of the bestselling products is in fact not a product, but the full line, which retails at $673.
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