jenner

Kylie Jenner Cosmetic Co. Crashes After She Sells Her Stake

In a report by TMZ, the beauty company that bought Kylie Jenner out of her majority stake is taking a huge hit on Wall Street.
Coty shares are plummeting in the wake of the world’s youngest billionaire’s decision to sell her 51 percent stake in Kylie Cosmetics to the conglomerate. After trading closed this week, Coty stocks were down significantly to $11.53, the lowest they’ve been in a month.

After a brief initial surge, the share price kept trending down, finishing each day this week at a lower