Kylie Jenner has sold a majority stake of KylieCosmetics THRNews
The youngest self-made billionaire is cashing in. Kylie Jenner sold a majority stake of her Kylie Cosmetics beauty empire to Coty, the American cosmetic, haircare, skincare and fragrance brand, in a deal that was announced on Monday.
In a press release, the brand called the sale a "long-term strategic partnership" to turn Jenner's business into "a global powerhouse brand." They will work toward global expansion and developing products in more beauty categories . Jenner will continue to lead "all creative efforts," with products and marketing to her 150 million Instagram followers.
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