Kylie Jenner sells a majority share in Kylie Cosmetics for $600m
Coty, the company that owns brands like Max Factor and Sally Hansen, has bought a majority stake in Kylie Jenner's beauty company Kylie Cosmetics for USD 600 million after the company was valued at USD 1.2 billion. Coty will have a 51 percent majority share in Kylie Cosmetics, which has expanded its line of products recently to include Kylie Skin. Coty stated they believed Kylie's brand justifies the high valuation.
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