Kylie Jenner Sells Majority Stake in Kylie Cosmetics to Coty

Plus, Estée Lauder acquires its first Asia-based beauty brand, Have & Be Co. Ltd.

Side by side image of Kylie Cosmetics and Estée Lauder products
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.

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@klundster Kathryn Lundstrom is Adweek's breaking news reporter based in Austin.