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Kylie Jenner Sells Majority Share Of Cosmetics Line For $600 Million

Kylie Jenner has sold a $600 million majority stake in her cosmetics company, Kylie Cosmetics. Coty confirmed in a press release Monday that it acquired 51 percent ownership in Jenner’s beauty business, saying the partnership will build and further develop Kylie Cosmetics into “a global powerhouse brand.” Coty will develop the Kylie Cosmetics portfolio and act as licensee for skincare, fragrances and nail products. ...Read more