Kim Kardashian West is now officially a billionaire.
The agreement values the three-year-old company at $1-billion.
West, who is known for chronicling her life with her sisters on TV's "Keeping Up with the Kardashians", launched her makeup line in 2017, two years after Jenner's successful foray into the beauty industry. So blessed this is still life...
"You guys, I dyed my hair red".
The post was accompanied by a photo of the "still life" Kanye referred to - an arrangement of fruit and flowers. "We love you so much", he continued.
"Partnering with an established organization like Coty will be instrumental in the advancement of my brands as their global reach allows for faster expansion so people around the world are able to experience new launches first hand", Kardashian West said in a press release.
The cosmetics conglomerate has acquired 20% stake in Kim's brand and partnered to expand it into new categories, such as skincare, haircare, personal care, and nail products.
"This relationship will allow me to focus on the creative elements that I'm so passionate about while benefiting from the incredible resources of Coty", Kardashian said.
Kim wrote: "If anyone knows Kanye they know how much the Gap and Yeezy means to him so this partnership is his dream come true!"
Under Kanye's creative direction, the YEEZY design studio will develop the new line to deliver modern, elevated basics for men, women, and kids at affordable prices with the creative process just getting underway. This was before the shocking announcement that West would be working with a Gap for an upcoming, long-term partnership.