Kylie Jenner Rumored To Be In Talks To Sell Stake In Kylie Cosmetics
The youngest member of the Kardashian-Jenner clan has found an extremely popular financial niche with her self-titled Kylie Cosmetics line—however rumors are swirling that Kylie Jenner is in talks to sell a hefty stake in the company in a multi-million dollar deal.
Kylie Jenner’s Kylie Cosmetics rise within the beauty industry is astronomical, and responsible for her current “youngest self-made billionaire” status. Now, according to reports, 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.
This news comes shortly after Jenner dropped her latest beauty venture Kylie Skin, and is said to be branching out to hair products and a line for babies—likely inspired by her 1-year-old daughter Stormi with rapper Travis Scott.
What are your thoughts on Kylie Jenner selling a large stake of Kylie Cosmetics? Let us know in the comments!