Kylie Jenner Sells $600M Stake in Kylie Cosmetics

Coty will now have controlling interest of Kylie Cosmetics.

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Kylie Jenner is $600 million richer.

The beauty mogul has sold a 51% controlling interesting in Kylie Cosmetics to Coty.

Wall Street Journal, WWD, and Yahoo Singapore News are discussing Kylie Cosmetics and Kylie Jenner.

"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."

- Wall Street Journal

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