[kim kardashian]Axelle/Bauer-Griffin/FilmMagic/Getty Images * US cosmetics giant Coty Inc has agreed to buy a 20% stake in Kim Kardashian West's makeup brand KKW for $200 million, according to the Financial Times. * The deal now values West's cosmetics company at $1 billion. * Coty also has a majority stake in half-sister Kylie Jenner's makeup and skincare line, which it bought last year for $600 million. * Visit Business Insider's homepage for more stories. Coty Inc has agreed to buy a 20% stake in reality TV star Kim Kardashian West's makeup brand KKW for $200 mln, the Financial Times reported here on Monday, citing people familiar with the matter. The deal values West's cosmetics company at $1 billion, slightly lower than the $1.2 billion valuation Coty put on West's half-sister Kylie Jenner's business, the report said.SEE THE REST OF THE STORY AT BUSINESS INSIDERNOW WATCH: Why thoroughbred horse semen is the world's most expensive liquid SEE ALSO: * Yield curve control a double-edged sword for BOJ as low rates strain banks * Morses Club digital accounts frozen after Wirecard collapse * Quakes strike Greek island of Rhodes; no injuries or damage SEE ALSO: SPOTIFY AND KIM KARDASHIAN WEST ARE TEAMING UP FOR A PODCAST THAT WILL BE EXCLUSIVE TO THE STREAMING SERVICE
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