Hard-working Kylie Jenner sells a $600 million stake in her company

November 19, 2019 by Don Saint 0 Comments

Kylie Jenner is selling a majority stake of her popular cosmetics line for $600 million, but she’s staying on as its creative leader.

The celebrity businesswoman will sell 51% of her stake in Kylie Cosmetics to Coty Inc. (COTY), a New York-based cosmetics company that also owns a number of international consumer beauty brands, including CoverGirl.

The partnership will help Kylie’s brand expand globally and enter new beauty categories, the two companies said in a press release Monday.

“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,” Jenner said.

Jenner’s team will continue to handle her creative and communication efforts, which is notable because she’s one of the most-followed people on social media.

Jenner, the youngest daughter of Kris Jenner and Caitlyn Jenner, formerly known as Bruce Jenner, has more than 270 million social media followers and rates as “one of the most influential voices among beauty consumers globally,” said a statement from both companies.

– CNN

Entertainment News

About Don Saint

PR Guru / Author / Promoter / Controversial Writer / Hip Hop Artiste / Actor / Human Rights Activist. The First Nigerian Hip Hop Artiste to obtain a Masters Degree (M.A) in Arts ( Religion & Human Relations). The author of one of the most controversial books in Nigeria; "Emancipation from Masturbation". With over 12 Movies and 3 Musical albums since 2003. Former Events Manager at Silverbird’s Rhythm Fm Awka Station till 2010. For more info. Call : 08033239298.

View all posts by Don Saint →

….The Devil has been distracting me for a long time, Kanye West confesses

Nigerian Senate disowns hate speech bill, as sponsor gets threat messages