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		</div><p>Kylie Jenner has sold a majority stake in her cosmetics business for 600 million US dollars, about £463 million.</p>
<p>The 22-year-old sold 51% of Kylie Cosmetics to makeup and fragrance giant Coty Inc, in a deal which values the company at about 1.2 billion US dollars (£926 million).</p>
<p>Jenner was still still a teenager when she launched the business in 2015 as a line of lip kits.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">I can’t wait for all of the amazing things to come for <a href="https://twitter.com/kylieskin?ref_src=twsrc%5Etfw">@kylieskin</a> and <a href="https://twitter.com/kyliecosmetics?ref_src=twsrc%5Etfw">@kyliecosmetics</a>! I’m excited to partner with <a href="https://twitter.com/COTYInc?ref_src=twsrc%5Etfw">@cotyinc</a> to continue to expand my brands globally.. This is only the beginning!</p>
<p>&mdash; Kylie Jenner (@KylieJenner) <a href="https://twitter.com/KylieJenner/status/1196537331039125504?ref_src=twsrc%5Etfw">November 18, 2019</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>According to Coty, which also owns brands including Max Factor, Rimmel and Clairol, the deal will see Jenner “lead all creative efforts in terms of product and communications initiatives”.</p>
<p>Coty cited Jenner’s more than 270 million social media followers across her personal and business accounts , saying she is “one of the most influential voices among beauty consumers globally”.</p>
<p>Jenner, who appears alongside her family on reality TV show Keeping Up With The Kardashians, said: <em>“I’m excited to partner with Coty to continue to reach even more fans of Kylie Cosmetics and Kylie Skin around the world.</em></p>
<p><em>“I look forward to continuing the creativity and ingenuity for each collection that consumers have come to expect and engaging with my fans across social media.</em></p>
<p><em>“This partnership will allow me and my team to stay focused on the creation and development of each product while building the brand into an international beauty powerhouse.”</em></p>
<p>The move solidifies Jenner’s reputation as one of the youngest billionaires in the world.</p>
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