Kylie Jenner is selling a $600 million majority stake in her cosmetics brand to beauty product giant Coty Inc.
Coty announced on Monday it was buying a 51 percent stake in Jenner's make-up and skincare businesses as it looks to tap into the reality TV star's huge social media reach.
The cosmetics company will now have overall responsibility for Jenner's brand, while the 22-year-old star and her team will continue to lead creative efforts and communications.
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