The cosmetics conglomerate will acquire a 20% stake in the KKW Beauty business and help it expand into new categories.
The news comes after months of rumors about a deal.
Plus, artist Tom Sachs on creative leadership and his ongoing relationship with Nike.
The brand had brought its beauty business in-house four years ago.
Plus, Hermès is teaming up with Nordstrom.
An update on the state of the fragrance business.