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%.

Coty bets $600 million on Kylie Jenner beauty brands

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Coty bets $600 million on Kylie Jenner beauty brands