New Owners Of Kylie Cosmetics Stock Drops After Purchase

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Kylie Jenner sold 51% of her Kylie Cosmetics company to Coty Inc. for a reported $600 million this month. Kylie will remain the face of the brand while the new owners will be in charge of marketing.

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Initially the $600M purchase brought Coty’s shares up, but TMZ reports that those stocks have declined over the past week.

When trading closed this week, stocks were down from $12.22 to $11.53. The shares have continued to go downward to roughly 5.5 percent from where it was at the beginning of the week.

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It was expected that the ownership would have resulted in a surge for Coty, but that is not what happened. The shares have dropped to the lowest they have been in around a month.


Kylie Cosmetics launched in 2015 and it’s major success is the reason Kylie Jenner was named the youngest self-made billionaire earlier this year.

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