Kylie Jenner sells $600M stake in beauty empire to CoverGirl owner – CP24 Toronto’s Breaking News

NEW YORK – Kylie Jenner is selling a stake of her beauty business to CoverGirl owner Coty, in a deal that values the reality TV star’s company at about $1.2 billion. Coty said Monday that it will pay $600 million for a 51% stake in Kylie Cosmetics. It plans to launch more products under the…