Beauty company Coty is buying a 51% stake in Kylie Jenner's cosmetics business for $600 million. The deal, which values the young entrepreneur's namesake beauty brand at $1.2 billion, will enable "global expansion and entry into new beauty categories," the companies said in announcing the deal Monday.
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Beauty company Coty is buying a 51% stake in Kylie Jenner's cosmetics business for $600 million. The deal, which values the young entrepreneur's namesake beauty brand at $1.2 billion, will enable "global expansion and entry into new beauty categories," the companies said in announcing the deal Monday.