For $600 million, 51% of Kylie Cosmetics is reportedly being sold to the beauty giant Coty, which also houses big name brand CoverGirl and Clairol.
After four years of owning 100% of the brand, Kylie Jenner has agreed to sell a little more than half of her business to Coty.
"I'm excited to partner with Coty to continue to reach even more fans of Kylie Cosmetics and Kylie Skin around the world," said Jenner in a statement."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."
According to a press release from the brand, this new acquisition is expected to close in the third quarter of the fiscal year 2020.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Kylie Jenner Sold 51 Percent of Kylie Cosmetics for $600 MillionShe'll remain in creative control of the brand.
Baca lebih lajut »
Kylie Jenner Sells Majority Stake of Kylie Cosmetics to Coty Inc. for $600 MillionThe news comes after months of rumors about a deal.
Baca lebih lajut »
Kylie Jenner Sells Major Chunk of Kylie Cosmetics for $600 MillionKylie has maintained full ownership of her business since 2015, but Coty now holds a majority stake.
Baca lebih lajut »
Kylie Jenner Sells Kylie Cosmetics for $600 MillionShe no longer owns the brand that made her a billionaire.
Baca lebih lajut »
Kylie Jenner Just Sold Her Majority Stake in Kylie Cosmetics for $600 MillionKylie Jenner sold majority stake in Kylie Cosmetics to Coty for $600 million—read about whether Kylie still owns Kylie Cosmetics here.
Baca lebih lajut »
Kylie Jenner Sold Kylie Cosmetics For A Whopping $600 MillionKylie Is No Longer The Majority Stakeholder In Kylie Cosmetics After She Sold It To Coty Inc. For $600 Mil
Baca lebih lajut »