M - Kylie Jenner Contemplates Regaining Control of Her Cosmetics Line Amid Coty Disappointment | Benzinga
Kylie Jenner has explored redeeming ownership of the cosmetics line she sold to Coty Inc (NYSE: COTY) three years ago after the multinational beauty company failed to meet her expectations.
The American socialite, media personality, and businesswoman discussed buying back her 51% stake in Kylie Cosmetics that Coty bought for $600 million in 2020.
Coty acquired a 51% stake in Kylie Jenner’s cosmetics and skincare businesses in late 2019 under the leadership of CEO Pierre Laubies. However, Jenner still maintained creative control of the brand.
The parties have yet to ...