Kylie Jenner sells majority ownership to Coty.

Beauty and skin care mogul, Kylie Jenner has sold 51% of her cosmetics brand ownership to Coty company. This doesn’t mean that Kylie Jenner doesn’t own the Kylie comestics and Kylie skin company. She still owns 49% of the company stake.

The 22-year-old billionaire sold her company majority ownership to Coty for $600million. Kylie Jenner is excited about this. She is glad that she will be working with a company with experience.