A few days ago billionaire, Kylie Jenner released that she has sold a majority (51%)of her super mega cosmetics line, Kylie Cosmetics and Kylie Skin to Coty for $600 million. Yes, along with her billion dollars she will be adding another 600 million dollars to her bank account. Sis is living the life !
Coty Inc. is one of the top beauty companies with a net worth of $9 billion. They represent all types of brands such as OPI , Burberry fragrances, Covergirl, Marc Jacobs fragrances, Gucci, and much more.
After the news about Kylie selling the majority of her company, Coty Inc stock price grew 1% which means it grew to $12 per share.
According to CBS News, “Coty said that it will use its research and development, manufacturing, distribution, and commercial resources to expand Jenner’s business”
In a recent statement by Kylie Jenner she says ” I’m excited to partner with Coty to continue to reach even more fans of Kylie Cosmetics and Kylie Skin around the world”
Kylie is the real life version of getting to the bag and securing it. Keep grinding Kylie !