Kris Jenner Discusses Daughter Kylie Selling Majority Stake of Kylie Cosmetics for $600 Million
Kylie Jenner sold a 51 percent stake in her cosmetics and skincare businesses to beauty conglomerate Coty for $600 million
Kylie Jenner Sells Majority Stake of Kylie Cosmetics to Coty for $600 Million
Kim Kardashian Says KKW Beauty Sales 'Doubled' in One Year: 'It Just Makes Me Proud'
Kylie Jenner Shares Photos from Trip to Houston for Travis Scott’s Astroworld FestivalKris Jenner is speaking out about Kylie Jenner‘s major beauty deal.
Just one day after the news broke that Kylie signed a $600 million deal to sell a majority stake of Kylie Cosmetics to beauty conglomerate Coty, the Kardashian-Jenner family matriarch and momager, 64, opened up about her 22-year-old daughter’s business move in an interview with CNBC’s Squawk Box. “Yesterday was a really big day for Kylie and our team at Kylie Cosmetics. [It was] truly a moment for our family to be proud,” Kris, who’s also the CEO of Jenner Communications, said. “It’s kind of a crystallization of all our work.”
While Kylie sold a 51 percent stake in her booming beauty business, Kris said her daughter is excited to continue working with Coty to grow her brands worldwide.
“It’s also a moment to just look forward and be really excited about the future. I think the goal is to just keep building Kylie’s existing beauty business into a global powerhouse brand. That’s the vision,” Kris explained. “We decided to partner with Coty because they share the same vision as we do in building this into a huge thing. We dream big and this is something we’re so excited about.”
Comments