( Business of Fashion ) Kylie Jenner Has Explored Buying Back Coty's $600 Million Stake in Her Makeup Brand. Old news, but big news: according to Bloomberg, Jenner wants to buy back the 51 percent stake of Kylie Cosmetics from Coty because she's allegedly frustrated over how the brand has been managed. ( Bloomberg ) Merit Beauty Owes Its Viral Eyeshadow Launch to Simplicity. The new launch garnered the brand's largest-ever waitlist and a massive response on TikTok, with zero ad dollars behind it. Aila Morin, Merit's SVP of brand, growth, and innovation believes the launch has been successful because they understood their customer and kept things simple, from the marketing to formulation. ( Glossy ) Rosalind Brewer Steps Down as Walgreens' CEO and Member of the Board. Brewer was the first Black female CEO of the Chicago-based retailer and one of just two Black female CEOs to lead a Fortune 500 company. ( CEW )