Akshay’s Ranveer’s to release in theatres later this year
Kim Kardashian West
is selling a stake in her beauty brand for $200 million, in a deal that values the TV reality star’s three-year-old business at $1 billion.
The buyer is Covergirl owner Coty Inc., which will get a 20% stake in KKW Beauty. Coty seems to be enamored with the Kardashians. Last year, it bought a 51% stake in the makeup line started by Kardashian West’s younger sister, Kylie Jenner.
“Kim is a true modern day global icon,” said Coty CEO Peter Harf, which is similar to what he said about Jenner in November.
Kardashian West, who stars on the longrunning reality TV show Keeping Up with the Kardashians, founded KKW Beauty in 2017 and tapped into her hundreds of millions of social media followers to sell lip gloss, body foundation and perfume.
The 39-year-old will still promote KKW Beauty online and will help create new products.
Coty plans to expand the brand into more countries around the world and possibly into other categories, like skin creams and shampoos. It also hopes that the buzzy brand can help boost sales and connect with younger shoppers who spend a lot of time on social media.
It’s been a busy summer for Kardashian West’s family. On Friday, her husband Kanye West announced a deal to design fashions for the Gap under his Yeezy brand.
Release dates of two of Bollywood’s most anticipated films this year, the Akshay Kumarstarrer Sooryavanshi and 83 starring Ranveer Singh, have been confirmed. After being delayed due to the Covid-19 pandemic, Sooryavanshi will release on Diwali while 83 has been scheduled for Christmas this year.
The announcements come at a time when a slew of films - including big-ticket releases like the Akshay Kumar-starrer Laxmmi Bomb, Bhuj starring Ajay Devgn, and the Alia Bhatt-starrer
Sadak 2 - committed for digital release on Monday, among other hyped projects.
While there is no information yet on when cinema halls will reopen, multiplex chains have confirmed the release date of the most awaited films of the year.
In Rohit Shetty’s Sooryavanshi, Akshay will be seen as ATS officer Veer Sooryavanshi on the lookout for terrorists planning a deadly strike on Mumbai. Ajay Devgn and Ranveer Singh will also reprise their roles of Singham and Simmba in cameos, to help Akshay bust the terror plot. Katrina Kaif will be seen as Veer Sooryavanshi’s wife while Jackie Shroff plays the antagonist.
Sooryavanshi also features Gulshan Grover, Abhimanyu Singh, Niharica Raizada, Sikandar Kher and Nikitin Dheer. The film is presented by Reliance Entertainment.
Directed by Kabir Khan, 83 narrates the story of India’s first-ever cricket World Cup victory in 1983. In the movie, Ranveer Singh stars as the underdog team’s captain Kapil Dev while Deepika Padukone plays Kapil’s wife Romi Dev. The film also features Pankaj Tripathi, Saqib Saleem, Tahir Raj Bhasin, Harrdy Sandhu, Ammy Virk, Jiiva, Sahil Khattar, Chirag Patil and Adinath Kothare in key roles.