This can only mean one thing for Kylie Cosmetics fans: more product launches all over the world 🙌
Today, Coty acquired a 51% stake in the Kylie Cosmetics empire for $600 million in cash .
The deal, which is expected to close at the end of 2020, makes Coty responsible for Kylie Cosmetics' development, expansion, and distribution into new markets, with a focus on international business.Jenner confirmed the news on Twitter this afternoon."I can't wait for all of the amazing things to come for Kylie Skin and Kylie Cosmetics," she wrote to her 29 million followers."I'm excited to partner with Coty Inc. to continue to expand my brands globally.
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