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Kylie Jenner makes $600m from selling majority share in her beauty company

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Coty, which also owns Max Factor and Sally Hansen, has bought a 51% stake in Kylie Cosmetics

Kylie Jenner is selling a stake of her beauty business to CoverGirl owner Coty, in a deal that values the reality TV star’s company at about $1.2bn.It plans to launch more products under the Kylie brand and sell them in more countries around the world. The deal is expected to be completed early next year.

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