The world has fallen in love with trendsetter and CEO Kylie Jenner. She is only 21 and has become a self-made billionaire with her cosmetics company. However, there are rumors circulating that the makeup mogul plans on selling a huge stake in her company.
According to the Jasmine Brand, “Jenner is said to be in heavy talks to sell off a substantial stake in her company to Coty Inc. Inside sources say that Jenner is possibly interested in selling a stake in Kylie Cosmetics for 51 percent or more. An investment stake that large doesn’t come without a large price-tag—and Jenner is rumored to be courting an offer of at least $600 million.”
Coty is a global beauty company making cosmetic, skin, fragrance & hair brands. Ms. Jenner has not confirmed if this is true or has given a reason why. But we wish Ms. Jenner the best in her business endeavors
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By: Tiffany Langhorne