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Coty Inc. paying $600 million for a controlling stake in Kylie Jenner's cosmetics startup

11:11, November 19

Coty Inc. paying $600 million for a controlling stake in Kylie Jenner's cosmetics startup, WSJ reported. 

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Coty Inc. estimated Kylie Cosmetics at $ 1.2 billion. The company expects the deal will boost revenue for the cosmetics and skin care segment by over 1% per year over the next three years.

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Jenner launched her cosmetics line in November 2015. Starting, she expanded the range of products with three lipsticks. Kylie Cosmetics earned $ 420 million in 18 months since the launch. And in March of this year, Kylie Jenner became the youngest billionaire in the world.


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