21-year-old billionaire Kylie Jenner has sold a majority stake in her beauty company Kylie Cosmetics to Coty for $600 million.
Jenner will maintain creative control, she said in a release. She said: “I’m excited to partner with Coty to continue to reach even more fans of Kylie Cosmetics and Kylie Skin around the world. I look forward to continuing the creativity and ingenuity for each collection that consumers have come to expect and engaging with my fans across social media.”
While many applauded her “money moves,” others predicted a dip in quality. “Coming to a shelve at Walmart near you,” sniped one
this family have a whole team of top advisors handling their business and money affairs. Its hilarious their fans think they know all this shit themselves. Have you heard them speak? Kardashians are a business machine and its ran by men in suits from behind the curtain.
— J Dan (@JDan007) November 18, 2019
Real money moves.
— Dani (@dneelo) November 18, 2019
Products coming to a Wal-Mart near you . .
— Stephen (@sleekclone) November 18, 2019