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It’s hard to believe that Kylie Jenner would ever sell her eponymous makeup brand, Kylie Cosmetics, after just a few short years, and yet, it appears that talks may be currently in the works with a major global company, according to a “well-placed source” who spoke to WWD.
Coty Inc., aka the global beauty brand that owns CoverGirl, OPI, Sally Hansen, Rimmel London, and more, is, according to the source, in discussions to buy over half of Kylie Cosmetics for — wait for it — at least a whopping 600 million dollars. This means that if the sale were to go take place, Jenner would still retain a solid chunk of ownership over her brand (49 percent to be exact).
The 21-year-old founder reportedly may have been in talks with various bidders in the past, according to sources who previously spoke to WWD in May, though perhaps she’s been holding out for the perfect match to pull the plug. This news comes hot on the heels of the launch of her latest project: Kylie Skin.
Back in May, Kris Jenner commented on interest in Kylie Cosmetics to WWD. Through a spokesperson, Jenner said that the company’s success had been “incredible” and that “there will always be some interest” in it.
Allure has reached out to Coty and Kylie Cosmetics and will update this story when and if we hear back.
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