UPDATE 2-Coty takes $600 mln bet on reality star Kylie Jenner's beauty brands
November 18, 2019 at 10:40 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, sending its shares up as much as 5%.