Kylie Jenner Sells <br />Majority Stake in <br />Cosmetic Company.<br />The entrepreneur will sell 51% of her stake for <br />$600 million to COTY, a cosmetics company <br />that owns several international beauty brands.<br />The move comes as Jenner hopes to <br />expand her cosmetics brand globally.<br />"This partnership will allow me and my team to stay focused on ... each product while building the brand into an international beauty powerhouse." <br />- Kylie Jenner, via press release.<br />Jenner will stay on as a creative leader, with her team <br />maintaining control of communication efforts.<br />The deal is expected to be finalized <br />in the third quarter of 2020
