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KYLIE JENNER SELLS 51% MAJORITY STAKE OF KYLIE COSTMETICS TO A WELL KNOWN COMPANY, COTY

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Kylie Jenner just sold a 51% majority stake of her business Kylie Cosmetics to a well known company , Coty. The billionaire reportedly got 600million and plans to build the brand into a international beauty powerhouse.

Kylie has this to say after the announcement.

“I’m excited to partner with Coty to continue to reach even more fans of Kylie Cosmetics and Kylie Skin around the world. I look forward to continuing the creativity and ingenuity for each collection that consumers have come to expect and engaging with my fans across social media. This partnership will allow me and my team to stay focused on the creation and development of each product while building the brand into an international beauty powerhouse.”

Well, guess it’s only up from here for the beauty guru and her billion dollar business.

That’s a rare wisdom demonstrated by Kylie.

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