Coty to acquire a 51% stake in Kylie Cosmetics for $600m.

Coty, an American beauty company is set to acquire a 51% stake in the cosmetics and beauty care company Kylie Cosmetics for $600m. “We are pleased to welcome Kylie into our organization and family. Combining Kylie’s creative vision and unparalleled consumer interest with Coty’s expertise and leadership in prestige beauty products is an exciting next step in our transformation and will leverage our core strengths around fragrances, cosmetics, and skincare, allowing Kylie’s brands to reach their full potential,” Pierre Laubies, Coty CEO.