UPDATE 1-Coty bets $600 mln on Kylie Jenner beauty brands
November 18, 2019 at 09:26 AM EST
Coty Inc said on Monday it would pay $600 million for a majority stake in Kylie Jenner's make-up and skincare businesses, as it looks to tap into the reality TV star's huge social media reach, driving shares in the company up 5%.