Billionaire, Kylie Jenner sells part of her $1.2 billion dollar company to Coty Inc., a fragrance and cosmetics company, to hopefully “reach more fans all over the world.”
Coty said Monday that they would pay $600 million for a 51% stake in Kylie Cosmetics and launch more products under her line all over the world.
Jenner will still be the face of the brand, as that will not change even though Coty owns part of it.
This news article has everyone talking. Right when I heard about this, I wanted more information on it, and this source had everything I needed to know. The headline basically had everything. This is newsworthy because Kylie Jenner is a name everyone any age is familiar about. Her company is huge and it was so weird to hear she sold half of it. So, that is why this is newsworthy. Short article, but straight to the point.