Kylie Jenner Sells Majority Stake in Cosmetics Company to Coty

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Beauty mogul and Kardashian sister Kylie Jenner is selling a majority stake of her Kylie Cosmetics brand to Coty (NYSE: COTY), in a deal announced Monday.

The 22-year-old reality star is reportedly handing over 51% of her company to the massive beauty brand, where Jenner will retain 49% of Kylie Cosmetics.

Image Source: Getty Images.

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