Coty reportedly interested in Kylie Cosmetics investment
Needless to say, reality star and beauty mogul, Kylie Jenner is having a huge moment.
Aside from the launch of several products from her Kylie Cosmetics line at Ulta Beauty, the youngest member of the Kardashian-Jenner household, and mother to Stormi Webster, also debuted her new skin care collection — Kylie Skin to rave reviews from fans.
Given the success of both her beauty ventures, it's no surprise that the billionaire now has a large and well-known company interested in investing in her brands.
It’s been reported via WWD that Coty, the parent company of such brands as O.P.I, Rimmel London and CoverGirl, is interested in a $600 million purchase of a 51% stake in Kylie Cosmetics.
This would mean that Jenner would still retain some ownership of her brand, but the company would have a larger stake and be the primary owner of the ever-expanding collection of Kylie products.
There’s been no official word from either Kylie Jenner herself or the Coty camp on the terms of this deal. Though it is safe to say that time, or perhaps a future plotline on the family's "Keeping Up with the Kardashians" reality show will demonstrate how this deal will play out.
Aside from the launch of several products from her Kylie Cosmetics line at Ulta Beauty, the youngest member of the Kardashian-Jenner household, and mother to Stormi Webster, also debuted her new skin care collection — Kylie Skin to rave reviews from fans.
Given the success of both her beauty ventures, it's no surprise that the billionaire now has a large and well-known company interested in investing in her brands.
It’s been reported via WWD that Coty, the parent company of such brands as O.P.I, Rimmel London and CoverGirl, is interested in a $600 million purchase of a 51% stake in Kylie Cosmetics.
This would mean that Jenner would still retain some ownership of her brand, but the company would have a larger stake and be the primary owner of the ever-expanding collection of Kylie products.
There’s been no official word from either Kylie Jenner herself or the Coty camp on the terms of this deal. Though it is safe to say that time, or perhaps a future plotline on the family's "Keeping Up with the Kardashians" reality show will demonstrate how this deal will play out.