Kylie Is No Longer The Majority Stakeholder In Kylie Cosmetics After She Sold It To Coty Inc. For $600 Mil
That's not all! Kylie sold the shares for a cool $600 million.
Before you get your lip kits in a twist, nothing is ~really~ changing — Kylie will still remain the face of the company, though it will officially become"Kylie Beauty" rather than"Kylie Cosmetics."With Coty Inc. acquiring a majority of shares in Kylie Cosmetics, the company is now valued at over $1.2 billion.
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