{"id":57775,"date":"2019-11-18T09:58:22","date_gmt":"2019-11-18T14:58:22","guid":{"rendered":"https:\/\/www.realstylenetwork.com\/beauty\/?p=57775"},"modified":"2019-12-10T08:41:20","modified_gmt":"2019-12-10T13:41:20","slug":"kylie-jenner-sells-majority-stake-of-beauty-business-to-coty","status":"publish","type":"post","link":"https:\/\/www.realstylenetwork.com\/beauty\/2019\/11\/kylie-jenner-sells-majority-stake-of-beauty-business-to-coty\/","title":{"rendered":"Kylie Jenner Sells Majority Stake Of Beauty Business To Coty"},"content":{"rendered":"

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Rumours about Kylie Jenner selling her cosmetics empire have been swirling for years and early this morning both Coty and Kylie Cosmetics confirmed Coty has agreed to pay $600 million for a majority stake in Kylie Cosmetics.<\/p>\n

According to a company statement as reported by Bloomberg<\/a><\/span><\/strong> the makeup and fragrance giant will have overall responsibility for the portfolio, while Jenner, part of the Kardashian clan, will lead creative efforts and communications, the companies said Monday in a statement. The deal values Kylie Cosmetics, which Jenner, 22, started in 2015 as a line of lip kits when she was still a teenager, at about $1.2 billion.<\/p>\n

Fans of the brand shouldn\u2019t worry too much about the sale as Jenner will still play a major role and continue to be the face of the brand.<\/p>\n

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  Rumours about Kylie Jenner selling her cosmetics empire have been swirling for years and early this morning both Coty and Kylie Cosmetics confirmed Coty has agreed to pay $600 million for a majority stake in Kylie Cosmetics. According to a company statement as reported by Bloomberg the makeup and fragrance giant will have overall […]<\/p>\n","protected":false},"author":18,"featured_media":57776,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1885],"tags":[32421,32420,32419,14240],"class_list":["post-57775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-beauty-news","tag-coty-buys-kylie-jenner-cosmetics","tag-kylie-jenner-and-coty","tag-kylie-jenner-cosmetics","tag-kylie-jenner-makeup"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t