Kylie Jenner is $600 million richer.
The beauty mogul has sold a 51% controlling interesting in Kylie Cosmetics to Coty.
"Coty is paying $600 million for a controlling stake in Kylie Jenner's cosmetics startup, wagering that the celebrity's brand can revive a struggling beauty business based on CoverGirl and MaxFactor."
1. Kylie Jenner is selling a 51% stake in her cosmetics company to Coty for $600 million. https://t.co/8WiZOeZiyI— Yashar Ali 🐘 (@yashar) November 18, 2019
Nov 18 (Reuters) - Cosmetics maker Coty Inc said on Monday it would acquire a majority stake in reality TV star Kylie Jenner's make-up and skincare businesses for $600 million.— Carl Quintanilla (@carlquintanilla) November 18, 2019
Coty plans to pay $600 million for a controlling stake in Kylie Jenner’s cosmetics startup, valuing the celebrity’s brand at $1.2 billion https://t.co/woJuF1McQJ— The Wall Street Journal (@WSJ) November 18, 2019
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