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Friday, July 10, 2020

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Home Business & Finance Kylie Jenner's Beauty Company Sued Over Coty Cosmetics Buyout Deal

Kylie Jenner’s Beauty Company Sued Over Coty Cosmetics Buyout Deal

Document Analysis NLP IA

273
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1:21
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positive
sentiment

Sentiment0.196875
subjective
redaction

Subjectivity0.5246875
probably it's an affirmation
Affirmation0.48333333333333

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Key Concepts (and relevance score)

Summary (IA Generated)

Kylie‘s beauty brand, King Kylie, has been sued by Seed Beauty — the company she’s done business with since 2016 to help produce her unique line of products — and they’re claiming a mega-deal she recently struck with huge beauty conglomerate, Coty, is going to leave give all Seed‘s valuable tricks of the trade to a competitor.

Her beauty boom, they claim, is largely due to Seed’s trade secrets .

Leading up to that agreement, Seed claims Kylie’s company refused to sufficiently assure Seed it would NOT spill their trade secrets .

Because of that, Seed says it has no choice but to ask a judge to block Kylie and Coty from using the trade secrets.

Now, this is very similar to the lawsuit Seed filed against Kim Kardashian’s beauty company last week — which happened days before she struck a cushy Coty deal of her own.