Kylie Jenner sells million dollar stake from her company


Kylie Jenner has decided to sell a majority stake from her beauty empire to Coty for $600 million, the company announced on Monday.

Kylie is the first member of the reality-TV clan to add the 'billionaire' tag to her resume after flipping a share of her Kylie Cosmetics line to the company and other beauty mainstays for $600 million. The company also said it plans to bay 51 percent of Kylie Cosmetics, which values at $1.2 billion.

Also Read: Kylie Jenner dresses daughter as mini version of her


The deal, which is being expected to close at the end of 2020, will be making Coty responsible for Kylie Cosmetics' development, expansion, and distribution into new markets.

Jenner took to Twitter yesterday noon to announce the confirmation. "I can't wait for all of the amazing things to come for Kylie Skin and Kylie Cosmetics," she wrote to fans.


She further added, "I'm excited to partner with Coty Inc. to continue to expand my brands globally. This is only the beginning."

According to the company, the brand will also act as a licensee for the skin-care, fragrance and nail products for Kylie Cosmetics.





Bollywood lyricist Yogesh passes away at 77

Mumbai, May 29 (IANS) Veteran Bollywood lyricist Yogesh passed away in Mumbai on Friday. He was 77.Playback legend Lata Mangeshkar paid homage to the...

Apurva Asrani, partner pretended to be cousins for 13 yrs to rent a home

"Aligarh" writer Apurva Asrani and his partner Siddhant pretended to be cousins for 13 years, so that they could rent a home in Mumbai...

Siddharth Roy Kapur on Bollywoodfilm industry’s plans to restart post pandemic

Bollywood producer Siddharth Roy Kapur says it is important to take baby steps while restarting the entertainment industry once the lockdown is over. Post pandemic,...

Radhika Madan goes in self-quarantine after returning to Delhi

Actress Radhika Madan, who flew back home to Delhi recently from Mumbai, a few days ago, is currently practising self-quarantine at least for 14...

Anuj Kohli distributes masks, sanitisers to underprivileged in Capital

Actor Anuj Kohli recently distributed masks and sanitisers to the underprivileged in Ashok Vihar here. Anuj collaborated with nutritionist...