Kylie Jenner just got a whole lot richer. The beauty mogul has sold a majority stake of her brand Kylie Cosmetics to conglomerate Coty—home to beauty powerhouses like Covergirl, OPI, Rimmel, GHD and Clairol—for a reported $600 million.
The acquisition points to growth for the company, both internally and globally. Coty plans to expand distribution to more retailers, as well as product offerings in Kylie Cosmetics and Kylie Skincare."We are pleased to welcome Kylie into our organization and family.
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