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Coty buys majority stake in Kylie

Coty Inc, the American multinational which owns over 70 beauty brands including Covergirl and Rimmel London, has bought a majority stake in Kylie Jenner Cosmetics for US$600 million. Announcing the acquisition of the 51 percent stake, Coty said the company has entered into a long-term strategic partnership with the social media star “in order to […]