Consumer
Kylie Jenner Has Explored Buying Back Coty’s $600 Million Stake in Her Makeup Brand
- Jenner has disagreed over management of Kylie Cosmetics
- It’s latest sign of strain between Coty and celebrity family
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Kylie Jenner has explored taking back ownership of the cosmetics line she sold to Coty Inc. three years ago, according to people familiar with the matter, a sign of how the relationship between one of the world’s largest beauty companies and one of entertainment’s most famous families has become strained.
In recent months, Jenner has had informal discussions about trying to buy back the 51% stake in Kylie Cosmetics that Coty bought for $600 million in 2020, the people said, asking not be identified because the matter is private. There have been disagreements over price and valuation, according to the people.