Coty in talks to buy majority stake in Kylie Jenner's cosmetics company
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Coty is in talks to buy a majority stake in Kylie Cosmetics from Kylie Jenner for at least $600 million, according to Women's Wear Daily.
<strong>Why it matters:</strong> The recent controversy over whether or not Kylie Jenner is a <a class="gtmContentClick" data-vars-link-text=""self-made" billionaire" data-vars-click-url="https://www.forbes.com/sites/natalierobehmed/2019/03/05/at-21-kylie-jenner-becomes-the-youngest-self-made-billionaire-ever/#334ccd6d2794" data-vars-content-id="b1d81f21-011c-494e-a48a-d589eb8985a6" data-vars-headline="Coty in talks to buy majority stake in Kylie Jenner's cosmetics company" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.forbes.com/sites/natalierobehmed/2019/03/05/at-21-kylie-jenner-becomes-the-youngest-self-made-billionaire-ever/#334ccd6d2794" target="_blank">&quot;self-made&quot; billionaire</a> obfuscates the fact that she quickly built a beauty products powerhouse that could soon live under the same corporate umbrella as CoverGirl and Sally Hansen.
The bottom line: "Kylie Cosmetics made a splash when it first launched with lip kits in 2015. ... In the first 18 months, it did $420 million in sales. Since then growth has slowed, sources said, which prompted the brand to enter Ulta Beauty." — WWD
