Kylie Jenner Sells Majority Stake in Kylie Cosmetics to Coty

Kylie Jenner has sold a 51% stake in her beauty brand, Kylie Cosmetics, to global beauty conglomerate Coty, which valued the company at nearly $1.2 billion. In an announcement this morning, Coty said it would head up the strategic expansion of the brand into new markets as well as beauty categories, while Jenner will continue…

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