Kylie Jenner Sells Part of
Her Kylie Cosmetic Brand
Kylie Jenner, a young, successful businesswoman who has been welcomed to the prestigious billionaire club. He is the founder of Kylie Cosmetics. Since 2015, the whole organization was firmly in its hands as an owner. As usual, Kylie Cosmetics has been in the spotlight of multinational companies and has begun to show interest in buying companies. Kylie decided to sell Coty's majority stake for $ 600 million. Kylie Cosmetic was valued at 1.2 billion euros.
Based on the reports that have been published, Kylie will continue to lead the company in communications and product development. Kylie Cosmetics and Kylie Skin around the world. I look forward to continuing the creativity and ingenuity for each collection that consumers have come to expect and engaging with my fans across social media,” Jenner said in the release. “This partnership will allow me and my team to stay focused on the creation and development of each product while building the brand into an international beauty powerhouse,” she added.
Coty is looking to expand Kylie Cosmetics (which also incorporates the mogul’s newer skincare line, Kylie Skin) into more retailers, both in the United States and internationally. “We don’t see any weaknesses. We see strength everywhere. We see strength in cosmetics. We see strength in skincare both digitally and in the launch in Ulta,” said Coty’s Chief Financial Officer Pierre-André Terisse.
Kylie Cosmetics has been breaking records since it launched its brand, for the brand has earned $ 420 million in the first 18 months.