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Kylie Jenner Sells $600 Million Stake in Beauty Line to Coty

(Bloomberg) — Coty Inc. agreed to pay $600 million for a majority stake in Kylie Jenner’s cosmetics line, the latest move by a major beauty company to acquire trendy brands that appeal to a younger clientele.The makeup and fragrance giant will have overall responsibility for the portfolio, while Jenner, part of the Kardashian clan, will lead creative efforts and communications, the companies said Monday in a statement. The deal values Kylie Cosmetics, which Jenner, 22, started in 2015 as a line of lip kits when she was still a teenager, at about $1.2 billion.Coty shares rose as much as 2.6% …read more […]

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Trump Says He’s ‘Strongly’ Considering Impeachment Testimony

(Bloomberg) — Donald Trump said Monday that he’s “strongly considering” testifying in his own impeachment inquiry, complimenting House Speaker Nancy Pelosi for the idea in a tweet after again insulting her and congressional Democrats for pursuing his removal from office.Trump indicated that he thinks his testimony — possibly in writing — would be a way to resolve the inquiry and get Congress focused on issues he’d like to advance before his 2020 re-election campaign, including a new North American trade deal and drug prices.Trump suggested during Robert Mueller’s probe of Russian interference in the 2016 election that he would testify …read more […]