Kylie Jenner sells off major stake in her make-up, skincare business to Coty for $600 million
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Actress and reality TV star Kylie Jenner sold a major stake in her make-up and skincare businesses to Coty for $600 million on Monday. Famous cosmetics company, Coty is seeking to revitalize sales on the back of its broad global distribution and is banking on Jenner’s more than 270 million social media followers to attract a younger audience. Jenner’s line of cosmetics earned collected around $360 million in 2018.