Kylie Sold Kylie Cosmetics for $600 Million
Coty plans to capitalize on the strengths of Jenner’s digitally-native company and utilize its “high potential” to continue growing it into a global beauty powerhouse. In addition to expanding Kylie Cosmetics and Kylie Skin’s product offerings, Coty also sees potential in the fragrance category.
Coty’s Chief Creative Officer, Pierre Laubiues, said: “We are pleased to welcome Kylie into our organization and family. Combining Kylie’s creative vision and unparalleled consumer interest with Coty’s expertise and leadership in prestige beauty products is an exciting next step in our transformation and will leverage our core strengths around fragrances, cosmetics and skincare, allowing Kylie’s brands to reach their full potential.”