Kylie Jenner Sells 51 Per Cent Stake In her Cosmetics And Skin Care Business (Photo Credit: file photo )
Beauty products giant Coty announced Monday a deal to take a majority stake in Kylie Jenner’s cosmetics and skincare company, marrying Jenner’s celebrity prominence with Coty’s distribution and commercial prowess.
Under the transaction, Coty, whose brands include Hugo Boss and Burberry fragrances, will pay USD 500 million for a 51 per cent stake in Jenner’s company. Jenner is the youngest daughter of Kris Jenner and Caitlyn Jenner, formerly known as Bruce Jenner.
Recently, Kylie Jenner made into headlines when she shared a picture of herself along with newly bought $3 million Bugatti Chiron. In no time however, Kylie was forced to delete the video after being accused of flashing her obscene amount of wealth.
While the post has now been removed, people took to Twitter pointing out that there are millions of hungry people around the world, and that kind of money would go a long way in feeding and housing the less fortunate It appears that at least some segment of the internet audience is tired of seeing Jenner's cars on display.
In addition to Kylie’s new Bugatti Chiron, the makeup mogul's garage also includes two Land Rovers, a Rolls-Royce, a Porsche, a Lamborghini, and a Ferrari.