Kylie Jenner Sells $600 Million Stake in Beauty Business To Coty
Posted On November 18, 2019
The Jenner and Kardashian empire keeps growing tremendously and we are loving these business moves over here.
Kylie Jenner launched her cosmetic line back in 2015 where she had complete ownership. But today it was announced the twenty-two-year-old business mogul sold a majority stake in Kylie Cosmetics to beauty conglomerate Cody for $600 million. Cody owns brands such as GHD, Covergirl, Rimmel, OPI, and Clairol.
The business of Fashion reports the sale value is almost at 1.2 billion. I look forward to continuing the creativity and ingenuity for each collection that consumers have come to expect and engaging with my fans across social media,” Jenner said in a release.