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Kylie Jenner 'in talks' to sell Kylie Cosmetics for a HUGE amount of money
21 June 2019, 17:12
Just what Kylie needs... even MORE money.
Kylie Jenner has made $1 billion since launching Kylie Cosmetics in 2015. The businesswoman gave us the iconic Kylie Lip Kit, collaborations with her sisters and even a skincare line, Kylie Skin. However, she might be considering giving it all up for a huge fee.
According to reports from W magazine, Kylie has been offered millions to sell a chunk of her business. The company vying to buy Kylie Cosmetics is Coty, who owns O.P.I, Rimmel London and Covergirl.
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Kylie is reportedly mulling over whether or not to hand over 51 per cent of her company for – gulps – $600 million. That would mean Kylie would still have a 49 per cent stake in the business but she would not be the primary owner.
Apparently, this isn't the first offer that has come Kylie's way either. But it's the best one yet. If Kylie does sell up shop, it would also mean the Keeping Up With The Kardashians star and her daughter Stormi Webster would have huge amounts of cash to play with. You know, like they're not already filthy rich…
Kylie has always maintained that since having Stormi her business would be something to pass onto her daughter to continue the Jenner legacy. That's quite the nest egg.
In an interview with Forbes in 2018, Kylie stated that she wants to work on her business "forever" but her mother Kris Jenner hadn't ruled out the idea of selling it to another company.
"It's always something that we're willing to explore," she told the publication. "Maybe one day [I'll] pass this on to Stormi, if she's into it."