The news comes after months of rumors about a deal.
Author:Stephanie SaltzmanUpdated:Nov 18, 2019Original:Nov 18, 2019On Monday, Coty Inc. announced that it had acquired a 51% stake in Kylie Jenner's Kylie Cosmetics for $600 million. Per a press release from the company, the deal creates a "long-term strategic partnership in order to jointly build and further develop Kylie's existing beauty business into a global powerhouse brand.
In July of this year, Coty Inc. also announced a restructuring, including plans to move its headquarters out of New York to cut costs.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Kylie Jenner Sells Majority Ownership of Cosmetics Co. for $600 MillionKylie Jenner is no control freak when it comes to her cosmetics empire -- not anymore, anyway.
Weiterlesen »
Kylie Jenner Sells Majority Stake in Beauty Business to CotyCoty Inc. is officially buying into KylieJenner’s beauty business.
Weiterlesen »
Kylie Jenner Sells $600 Million Majority Stake in Beauty BusinessKylie Jenner's beauty business is being acquired by Coty Inc.
Weiterlesen »
Kylie Jenner Just Revealed Her Full Kylie Cosmetics Holiday 2019 CollectionWe want it all, naturally.
Weiterlesen »
Kylie Jenner Just Revealed Her Full Kylie Cosmetics Holiday 2019 CollectionAdding all of these to my wish list this year!
Weiterlesen »
Kylie Jenner Sells $600 Million Stake in Beauty BusinessCoty is paying $600 million for a controlling stake in Kylie Jenner’s cosmetics startup, wagering that the celebrity’s brand can revive a struggling beauty business based on CoverGirl and MaxFactor.
Weiterlesen »