Kylie Jenner Sells Majority Stake in Kylie Cosmetics to Coty
Plus, Estée Lauder acquires its first Asia-based beauty brand, Have & Be Co. Ltd.

Kylie Jenner launched Kylie Cosmetics in 2015.
Kylie Cosmetics, Estée Lauder

Kylie Jenner has sold a 51% stake in her beauty brand, Kylie Cosmetics, to global beauty conglomerate Coty, which valued the company at nearly $1.2 billion.