Kylie Jenner Sold her Makeup Line, Will Have To Be Content With $600 Million
People do all kinds of crazy things to make extra money for Christmas presents. Take a second job as a mall Santa,record the world’s shittiest cover of a beloved holiday classic, put in overtime, whatever it takes. Kylie Jenner sold her makeup company for $600 million dollars, so I can only assume Stormi is getting a small island nation for Christmas.
Paperhad the details of the sale, which sees Jenner retaining a minority stake in the company.
Jenner has sold off 51 percent of the company to the New York cosmetics multinational Coty, which also owns Tiffany & Co, Cover Girl, and Balenciaga, for $600 million. She and her team will remain on board in a creative capacity.
The sale means Kylie Cosmetics will be rebranded as “Kylie Beauty.” In a press release, Jenner emphasized that she’ll remain in communication with her customers.
Not bad, I wish my dad was an Olympic hero and my mom divorced O.J.’s lawyer and I was on my porn star sister’s reality show so I could become a billionaire through my own hard work of putting my name on things.
Pretty much created the most perfect holiday red lipstick 💋♥️😍 my brand new lip kit Naughty List launches tomorrow at 3pm pst along withthe rest of the Holiday ‘19 collection! See u there 💋 @kyliecosmeticsI mean, it does look like a qualityproduct.
Finally revealing my Holiday ‘19 collection right now on my stories ♥️🎅🏼 this exclusivecollection launches Nov.19th at 3pm only on KylieCosmetics.com! Mark this off your XMAS list & don’t be late 💋
Jenner is apparently going to maintain a presence at the company, but I can only imagine she’ll retire to the beach eventually.