Coty Inc said on Monday it would pay $600 million for a majority stake in Kylie ...
FILE PHOTO: Kylie Jenner and her daughter Stormi Webster share a moment at the premiere for the documentary"Travis Scott: Look Mom I Can Fly" in Santa Monica, California, U.S., August 27, 2019. REUTERS/Mario Anzuoni
The move comes as the cosmetics maker doubles down on its skin care and fragrance products, rolling out new luxury fragrances and lipsticks, while spending more on marketing to combat falling sales. The kits sold out within minutes of launching, an early sign of the power of her now 270 million-plus social media following, and Coty said Kylie Cosmetics had an estimated $177 million in net revenues over the past 12 months.
Jenner brought in sales of an estimated $360 million in 2018, according to Forbes, putting her on its list of self-made billionaires.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kylie Jenner Just Partnered With Beauty Giant Coty for a Cool $600 Million DollarsKylie Jenner just sold a 51 percent majority stake in her Kylie Cosmetics and Kylie Skin empire to beauty giant Coty Inc. for $600 million dollars. Her brand is valued at $1.2 billion.
Read more »
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.
Read more »
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.
Read more »
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.
Read more »
Kylie Jenner Just Partnered With Beauty Giant Coty for a Cool $600 Million DollarsKylie Jenner just sold a 51 percent majority stake in her Kylie Cosmetics and Kylie Skin empire to beauty giant Coty Inc. for $600 million dollars. Her brand is valued at $1.2 billion.
Read more »
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.
Read more »