Kylie Jenner reveals she's selling shares of Kylie Cosmetics to Coty

November 20, 2019 - 15:37 GMT Hanna Fillingham Kylie Jenner has found incredible success in the beauty world over the past few years, having founded Kylie Cosmetics in 2015. But on Tuesday night, the Keeping Up with the Kardashians star sold her majority stake in the beauty brand for £400million to cosmetic giant Coty – who also own Max Factor, Rimmel and OPI.

As a result of Kylie Cosmetics, Kim Kardashian's sister became the world's youngest self-made billionaire back in 2018, as Forbes reported that she had made £195million in sales that year. So why has Kylie sold such a huge stake? Cosmetify.com's Digital Brand Manager Isa Lavahun has had her say."Now worth a whopping $1.2 billion, it feels like Kylie has done all she can to grow the business alone.

The young businesswoman will no doubt enjoy having more time to spend with her one-year-old daughter Stormi, too. The toddler currently has her own nursery in Kylie's head office, and is regularly seen going to meetings with her mum. The little girl is already showing an interest in makeup, just like her mum, and was recently captured on camera playing with Kylie's lipsticks.Kylie is very involved in her business, and tries to give back to others when she can too.

Ashley's mum then got her own surprise when some of the people she works with at the school sent her a message via a video link, which was played on Kylie's laptop. Touched by just how close Ashley was to her mum and relating to her own relationship with Kris, Kylie shocked them with £195,000 to go towards the school as well as themselves. Kylie told Ashley that she could now go back to university, while her mum told her:"There are guardian angels out there.

Like this story? Sign up to our newsletter to get other stories like this delivered straight to your inbox.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kylie Jenner Sold Off a Majority Stake of Kylie Cosmetics to CotyKylie 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.
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »

Kylie Jenner Sold Off a Majority Stake of Kylie Cosmetics to CotyKylie 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.
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »

Kylie Jenner Sold Off a Majority Stake of Kylie Cosmetics to CotyKylie 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.
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »

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.
Source: Cosmopolitan - 🏆 725. / 51 Read more »

Kylie Jenner Just Sold Kylie Cosmetics for a Hefty ProfitLooks like this member of the Kardashian fam just got even richer.
Source: CafeMom - 🏆 701. / 51 Read more »