Kylie Jenner sold 51% of its cosmetic business conglomerate of beauty “Coty” for $ 600 million dollars. Kris Jenner says the main deal of the beauty with Kylie Jenner.
Just a day after news emerged that Kylie had signed a deal for $ 600 million to sell a controlling stake Kylie Cosmetics beauty conglomerate Coty, the matriarch of the family Kardashian-Jenner and 64-year-old mother revealed details about the movement of his 22-year-old daughter in an interview with CNBC Squawk Box. “Yesterday was really big day for Kylie and our team in Joelle Cosmetics. It was a really important moment for our family to be proud of,” said Chris, who is also General Director of the Jenner Communications. “It’s kind of crystallization of all our work.”
While Kylie has sold 51-percent stake in its thriving business of beauty, Kris said that her daughter was happy to continue to work with Coty to develop their brands around the world.
“It is also a moment to simply look forward and be really excited to look to the future. I think the goal is just to continue to build existing business beauty Kylie into a global brand. We decided to partner with Coty, because they share the same vision as us in making this huge business. We dream big, and that’s what makes us move forward,”
Coty, which owns other beauty brands including Rimmel London, GHD, OPI, CoverGirl and Clairol, plans to work with Kylie to expand it to more pristine category.
“It’s her baby and it is her dream to build this Empire beauty, and just go in a category in which she’s not even scratched the surface,” said Chris. “She is looking forward to working with Coty to develop more categories and go in other areas of the beauty business.”
Despite the fact that Chris said that the family Kardashian-Jenner is still “enjoying what we do” from the point of view of filming their mega-hit reality series, keeping up with Kardashiana, she noted that Kylie’s heart lies in its business ventures. That’s where her passion and she really wants to use all of your creative side to grow your brand. And that’s what she wants to do for the rest of his life,” she said. “Kylie talks about it all the time. Twenty years later, she sees that doing it and maybe passes it on to his daughter, 21-month-old Stormy.”