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Kylie Jenner sells majority stake in her beauty and cosmetic brands to Coty for $600m

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The cosmetic company Coty Inc. announced on Monday it will acquire a 51% stake in Kylie Jenner’s make-up and skincare businesses for $600 million, valuing her company at $1.2B, and cementing Jenner’s billionaire status. Check the stack for more information and reactions.

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