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March 25, 2025 - Deals
Kim Kardashian Reacquires Coty's 20% Stake In SKKN By Kim For $200 Million
Kim Kardashian has repurchased Coty's 20% stake in her beauty brand, SKKN by Kim, which she sold in 2020 for $200 million. The acquisition allows her to fold the brand under her successful SKIMS empire, expanding its portfolio into beauty, skincare, and fragrance. Kim, who founded SKKN by Kim (formerly KKW Beauty) in 2017, said the move aligns with her mission to create transformative products. SKIMS CEO Jens Grede emphasized that the acquisition reflects the brand’s strength and readiness to enter new categories. Coty retains its 51% stake in Kylie Cosmetics, founded by Kim’s sister Kylie Jenner.
HQ: #LosAngeles #California
#VentureCapital #KimKardashian #SKKNbyKim #TradedVC
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Colossal Biosciences In Talks For Funding Round Targeting $23 Billion ValuationColossal Biosciences, the de-extinction biotech startup known for its efforts to recreate the woolly mammoth and other extinct species, is reportedly in talks to raise new funding at a valuation of roughly $23 billion–$24 billion, according to Axios. The potential raise would mark a significant jump for the five-year-old company, with investors valuing not only its genetic-engineering programs but also its broader genomics, reproductive technology, conservation, and intellectual property platform. Colossal has begun generating revenue through conservation technology sales and technology spinouts, including Astromech, an AI-driven predictive modeling company, and Form Bio, a computational biology platform, expanding its value beyond de-extinction efforts.
FOUNDERS: Ben Lamm & George Church
TARGET VALUATION: $23,000,000,000
HQ: Dallas, Texas
#VentureCapital #ColossalBiosciences #BenLamm #GeorgeChurch #TradedVC