KEY POINTS
  • Beauty company Coty announced Monday that it is taking a majority stake in Kylie Cosmetics, and will look to expand the brand globally and into new beauty categories. 
  • The deal gives Coty a 51% stake in the makeup company for $600 million.
  • Kylie Jenner, the 22-year-old founder of the makeup company and member of the Kardashian-Jenner family, owns the remainder of the company. 
Kylie Jenner attends the Heavenly Bodies: Fashion & The Catholic Imagination Costume Institute Gala at The Metropolitan Museum of Art on May 7, 2018 in New York City.

Beauty company Coty announced Monday that it is taking a majority stake in Kylie Cosmetics, and will look to expand the brand globally and into new beauty categories.

The deal gives Coty a 51% stake in the makeup company for $600 million. Kylie Jenner, the 22-year-old founder of the makeup company and member of the Kardashian-Jenner family, owns the remainder of the company.