Kylie Jenner Sells Majority Stake In Her Cosmetic Company For $600 Million To Coty – Kylie Jenner sold a $600 million for a majority stake, 51%, in her make-up and skincare businesses to Beauty company Coty.
Kylie Jenner Sells Majority Stake In Her Cosmetic Company For $600 Million To Coty | Kylie Jenner’s Naughty List On The Lips:
“I’m excited to partner with Coty to continue to reach even more fans of Kylie Cosmetics and Kylie Skin around the world,” Kylie Jenner, 22, said in a statement. “This partnership will allow me and my team to stay focused on the creation and development of each product while building the brand into an international beauty powerhouse.”
In this new partnership, Coty will own 51 percent of Kylie Cosmetics paying $600 million, valuing the young entrepreneur’s namesake beauty brand at $1.2 billion.
Coty CEO Pierre Laubies said a statement, “Combining Kylie’s creative vision and unparalleled consumer interest with Coty’s expertise and leadership in prestige beauty products is an exciting next step in our transformation.”
Kylie Jenner’s Naughty List On The Lips:
Kylie showed her famous curves in a pair of photos wearing a little black mini dress that reveals her legs and thighs matching with elegant strappy heels in a contrasting white color, writing in caption, “Naughty List On The Lips.”
Sister Khloe Kardashian wrote, “Ok Naughty!!!!!”
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