Source: CBS News
Security & Justice
Panic Grips Lebanon Amid Evacuation Call Hoax: Who’s Behind the Fear Campaign?
Lebanon witnessed a wave of panic on Friday as residents across various regions received alarming phone calls from foreign numbers warning of imminent Israeli strikes and urging them to evacuate their homes. These warnings, which extended even to areas far from conflict zones, have raised questions about the credibility of the messages and concerns over potential Israeli access to Lebanon's telecommunications infrastructure.
Sunday, November 24, 2024
With Destruction at Lebanon Border, Israel Could Seek Buffer Zone
Israel appears to be trying to create a buffer zone in south Lebanon to remove the threat from Hezbollah but its effectiveness in preventing cross-border attacks remains to be seen, observers say.
Saturday, November 23, 2024
Opinion
Power Vacuum Enables Speaker Berri’s Unchecked Negotiation Role
Ceasefire negotiations between Hezbollah and Israel, spearheaded by Lebanese Parliament Speaker Nabih Berri, have ignited a storm of controversy among political circles, with critics accusing Berri of overstepping constitutional bounds.
Thursday, November 21, 2024
Lebanon's Economy—Not Battlefield—May Have the Final Word
Time and again during this most recent war in Lebanon, we hear the phrase, “The battlefield has the final word”. It has become the sole and wholly unsatisfactory refrain of Hezbollah and the so-called 'Axis of Resistance'.
Wednesday, November 20, 2024
Sports
Israel Face France in Paris Football Match Under Tight Security
Israel face France in a Nations League football match in Paris on Thursday surrounded by a huge security operation to prevent a repetition of the attacks on Israeli fans in Amsterdam last week.
Thursday, November 14, 2024
Alcaraz Beats Rublev to Open ATP Finals Account
Carlos Alcaraz opened his account at the ATP Finals on Wednesday with an entertaining 6-3, 7-6 (10/8) win over Andrey Rublev which boosted his hopes of reaching the semifinals.
Wednesday, November 13, 2024
Tuesday 30 June 2020 11:39:07
Kim Kardashian West Sells Stake in Her Beauty Brand for $200 Million
Kim Kardashian West is selling a stake in her beauty brand for $200 million, a deal that values the reality TV star's three-year-old makeup business at $1 billion.
The buyer is CoverGirl owner Coty, which will own 20% of the company, called KKW Beauty. Coty appears to have a Kardashian infatuation: Last year, it bought a majority stake in the makeup line started by Kardashian West's younger sister, Kylie Jenner, for $600 million.
"Kim is a true modern day global icon," said Coty CEO Peter Harf in a statement. He also cited Kardashian West's "unparalleled ability to connect with people around the world" as one reason for partnering with her.
Kardashian West, who stars on the long-running reality TV show "Keeping Up with the Kardashians," founded KKW Beauty in 2017 and leveraged her hundreds of millions of social media followers to sell lip gloss, body foundation and perfume.
The 39-year-old will remain the creative force behind KKW Beauty, according to a Coty press release announcing the deal.
"Kardashian West and her team will lead all creative efforts in terms of product and communications initiatives," according to the release.
Coty plans to expand the brand into more countries around the world and explore other beauty categories, like skin creams and shampoos. It also hopes that the buzzy brand can help boost sales and connect with younger shoppers who spend time honing their own social media images.
KKW Beauty's reach dwarfs that of Coty's existing brands, which include Max Factor makeup and Sally Hansen nail polish. Max Factor, for example, has 585,000 Instagram followers, compared to KKW Beauty's 4.4 million.
Coty, which expects the deal to close next year, didn't reveal any sales data for KKW Beauty. Shares of New York-based Coty rose 10% to $4.06 Monday morning.
It's been a busy summer for the Kardashian West family. On Friday, Kim Kardashian's husband, Kanye West, announced a deal to design fashions for the Gap under his Yeezy brand, news that sent Gap's long-sagging stock soaring more than 40% to surpass $14 a share.
West worked in a Gap store as a teen in Chicago. Now, the 43-year-old mogul "has become a disruptive force across music, footwear, fashion, architecture and more," the company says in the release. As he raps in the song "Spaceship," West is going "back, back to the Gap."
