Kylie Jenner just sold a 51 percent majority stake in her Kylie Cosmetics and Kylie Skin empire to beauty giant Coty Inc. for $600 million dollars. Her brand is valued at $1.2 billion.
“This new partnership between Kylie and Coty is an exciting step in Coty’s renewed emphasis on its beauty business. Kylie is a modern-day icon, with an incredible sense of the beauty consumer, and we believe in the high potential of building a global beauty brand together," a release about the partnership states.
Jenner commented:"I’m excited to partner with Coty to continue to reach even more fans of Kylie Cosmetics and Kylie Skin around the world. 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. 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 addition to new fragrances and perfumes as well as international expansion, this new partnership could also mean Jenner's rumored
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