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Kylie Jenner is the sale of a 51 per cent stake in beauty brands the parent company of Clairol, and CoverGirl

to connectVideoKylie Jenner shows off ‘Little Mermaid’ Halloween costume: Ariel ‘grown up’

Is Kylie Jenner, dressed up as an adult-Ariel from “The Little Mermaid” for Halloween, featuring a purple seashell bra, fish-scaled cloth skirt, and a colored wig. Jenner also celebrated the holidays by sharing a photo of herself on Instagram as Marilyn Monroe, and a Playboy bunny.

Does this mean that they are a part of their “Rise and Shine” t-shirt money?

On Monday, Kylie Jenner, announced a partnership with Coty Inc. one of the world’s biggest beauty brands, where Coty will be the acquisition of a 51% interest in Jenner’s beauty brands for us $600 million, effectively valuing its business at nearly $1.2 billion.

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“I am pleased to be working with Coty to continue to reach even more fans of Her facials and Her Skin is around the world,” said Jenner in a statement shared by by Coty. “I look forward to the continued creativity and innovation for each of the set of consumers have come to expect and the interaction with my fans on social media. This partnership makes it possible for me and my team to stay focused on the creation and development of each product, during the creation of the brand in the international beauty powerhouse.”

Coty, who already is the owner of brands such as CoverGirl, and Clairol, among others, will take place “in the overall responsibility for the development of the portfolio,” according to a press release. Coty is hoping to use its global knowledge and capabilities in R&D, manufacturing, distribution, commercial and go-to-market expertise” in the event of fire.

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“The combination of Kylie’s creative vision, and an unparalleled attention on the consumer, with Coty’s expertise and leadership position in prestige beauty products is a exciting next step in the transformation, and it will also make use of our strong points has been around for fragrances, make-up and skin care which she took of the marks in order to reach their full potential,” said Coty’s CEO Pierre Laubies.

The sale is expected to close in the third quarter of the 2020 fiscal year.

Jenner, however, is still the face of the brand, and it is said that it is committed to the development of new products, according to the Associated Press.

Jenner’s brand Was Cosmetics, is said to have earned $307 million in revenue within a year of its launch in the year 2015, according to Forbes. To the an outlet, also called Jenner a “self-made” billionaire in March, although many of them — including the people at the Dictonary.com — took issue with the labeling of the Jenner a “self-made” businesswoman, due to her family’s already-existing influence.

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The Associated Press contributed to this report.

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