Cashing in: Kylie Jenner sells $880 million stake in her cosmetics company

The biggest beauty companies have been on an acquisition spree in recent years as they hope to court younger shoppers with upstart brands. Estee Lauder bought its remaining two-thirds stake in Korean skin-care company Have & Be Co. for around $US1.1 billion on Monday and Japan's Shiseido spent $US845 million to buy clean beauty brand Drunk Elephant in October.

Coty shares rose as much as 4.9 per cent to $US12.49 in New York on Monday. They had already soared 82 per cent this year through Friday.Coty has been under pressure to turn its business around, having taken a $US965 million writedown this year on brands it bought from Procter & Gamble in 2015. It's in the first stages of a plan where its seeking a sale of its professional hair and nail brands, such as Wella, Clairol and OPI.

How much tax would she have to pay.

Interesting (& somewhat depressing indicator of our society) when you consider that at 15yo, Kylie Jenner had the pulling power to create a feasible business - all from her being a bit player on a vapid reality show.

God Bless America

Don't care

I’m so happy I cancelled my SMH subscription especially when I see ‘high quality journalism’ like this 🤔

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Concerns shearers 'kept on a leash' and paid in drugs, as industry conditions worsenReports that some shearing contractors are paying workers in bundles of cash and drugs spark concerns about regulation in the wool industry. The only answer is to join your union. How do people forget about this? WTF this is not the case in my experience as good shearer’s are hard to come buy therefore hold the power. Good dollar for bloody hard work with some sheds now being fitted with air con. Reports from who ABC rubbish fake news to try to stop/hinder the Australian sheep farmers. ABC anti meat farming. your the only fake news cause/spin witch doctors of a so called 'industry conditions worsen' ABC you are fake news
Источник: abcnews - 🏆 5. / 83 Прочитайте больше »