Coty Inc. bought a 51% stake in Kylie Cosmetics.
On November 18, 2019, Coty Inc., a prominent global beauty conglomerate, announced its acquisition of a 51% stake in Kylie Cosmetics. The deal valued Jenner’s company at approximately $1.2 billion. This transaction underscored the substantial economic impact and industry appeal of Kylie Cosmetics. It further integrated the business into the mainstream beauty industry, enabling further international expansion and providing access to Coty's resources and distribution channels.