has sold 51 per cent of her business to Coty it has been announced today. The beauty company that controls Gucci Beauty, Burberry and Miu Miu in the fragrance and make-up categories valued the 22-year-old's business at almost $1.
The beauty entrepreneur became the world's youngest self-made billionaire through her beauty line and with this sale – worth $600 million – to Coty the only way is expansion for Kylie Cosmetics. Working with the cosmetics powerhouse will enable Kylie Cosmetics to enter new areas of business that she is no doubt keen to explore. We've seen her hold pop-up shops across the US and enter Ulta Beauty stores, but Coty can apply its experience in bricks and mortar as well as advise and assist on international distribution to ensure that Kylie and her namesake beauty line can grow globally.