This Is The Reason Kylie Jenner Sold 51% of Kylie Cosmetics

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This Is The Reason Kylie Jenner Sold 51% of Kylie Cosmetics
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  • 📰 TeenVogue
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

'The goal is to just keep building Kylie's existing beauty business into a global powerhouse brand.'

this Monday, November 18; marking the new value of the company at almost $1.2 billion. After the major change, many were left speculating what this means for the future of the Kylie Cosmetics brand itself, and who exactly had their hands in the profits and, on a new episode of CNBC’sDuring the episode, Kris spoke openly about Kylie’s plans to expand her empire into a business that can one day be potentially passed down to her daughter,.

Kris went on to elaborate on the significance of the deal from a longevity standpoint. "She feels like this is where she belongs,” Kris said of her youngest daughter. “This is where her passion is, and she really wants to use her creative side to develop her brand this is what she wants to do for the rest of her life. She talks about it all the time.”

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