Kylie Jenner Sold Her Business
The youngest billionaire in the world sold a controlling stake (51%) of her brand Kylie Cosmetics to Coty. For this, the youngest of the Kardashian-Jenner family received $ 600 million. Now Kylie will continue to deal only with the creative development of the brand and communications, and with the rest of the responsibilities will continue Coty, which now also produces Max Factor products.
Recall that Kylie launched her own brand of cosmetics in 2016, having managed to earn $ 1 billion on it.