Coty, the global fragrance and cosmetics firm, has announced it has taken a 51% stake in Kylie Cosmetics, the beauty brand owned by media personality Kylie Jenner, for $600 million. Kylie Cosmetics offers a range of lip, eye and face make-up, and generates around $177 million in annual turnover. Coty said the strategic partnership would allow the two parties to jointly build and further develop the existing Kylie Cosmetics beauty business into …