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The company already has a majority stake in
West's half sister, Kylie Jenner's makeup and skincare line,
which it bought last year for $600 million.
The holding recently came under the scanner after Forbes
magazine alleged that Jenner had been overplaying the value of
her cosmetics brand.
Coty's new chief executive officer said on Monday the
allegations came as a "mystery" to him.
Shares of the company rose nearly 7% on Wednesday after the
possibility of another collaboration with the family, adding to
the 20% gains in Coty's stock seen earlier this week, when it
named chairman Peter Harf as its new CEO.
Coty, however, said there was no assurance that an agreement or
collaboration would be reached and did not provide any further
details. (https://bit.ly/3eM6Gwx)
West, who is known for chronicling her life with her sisters on
TV's "Keeping Up with the Kardashians", launched her own makeup
line in 2017, two years after Jenner's successful foray into the
beauty industry.
(Reporting by Aishwarya Venugopal in Bengaluru; Editing by
Shinjini Ganguli)
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