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Kylie Cosmetics Suffer Stock Decline After Majority Stake Purchase

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Kylie ‘Billionaire’ Jenner sold a majority of cosmetics company to Coty Inc. for $600 million. While the new majority owners will be in charge of marketing, Kylie will remain the face of the brand.

With the new changes to the brand, there has been a noticable decline in the company’s stock. The company has unfortuntaly lost half of its value since 2016. However, it is still on track to earn $200 million this year.

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Along with being on Kyliecosmetics.com, the brand is now sold in of 1,100 Ulta Beauty Stores.

Amani is the Editor-In-Chief of Aman Magazine. Aside from managing the day to day operations of the magazine she is also a radio personality for Hits 92.3.

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Aman Magazine is your digital destination for pop culture, fashion, and everything Atlanta. Aman Magazine was launched in 2013 by Editor-In-Chief Amani Sams. For five years, Aman has featured some of the most pivotal voices and socialites of Atlanta including singer Dondria, Reality TV star Shay Johnson, the WAGS of Atlanta, and rapper Miss Mulatto. Aman continues to give readers the latest news and trending topics| Copyright © 2020 Aman Magazine | Designed & Developed by Web Designer ATL

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