Kylie Jenner to Sell Her Cosmetic Brand to Company that Owns Covergirl, Rimmel? Youngest Self-Made Billionaire Reportedly Wants to Focus on ‘Playing Mommy’
Kylie Jenner is set to sell 51 percent of her brand “Kylie Cosmetics”. A source says she will get 600 million USD for the sale. The company that owns brands like Rimmel, Covergirl and O.P.I is set to buy the shares of Kylie Cosmetics.
Rumour has it Kylie Jenner is set to sell her brand. Kylie is reportedly selling part of her brand and is in talks with brands. After starting the brand back 2015, Kylie Jenner built her brand and became the Vogue’s “youngest self-made billionaire”. The self-made debate is a topic for another day. Some people are assuming this is because of the failure of her last launch, Kylie Skin, which was bashed all over the internet. Even by influencers on her PR list. Jameela Jamil Comes for the Kardashians AGAIN! This Time, It’s Kim’s Turn.
According to an inside, trusted source that told WWD, Kylie Jenner is in talks with brands for selling her line. People were assuming her next launch will be baby products but looks like Kylie is done with the entrepreneur life and maybe she wants to just play a mommy. Kris Jenner had given a statement to WWD saying “there will always be interest” in selling the brand. Kylie might sell 51 percent of the company shares of her company for a whopping 600 million USD. the company that owns brands like Covergirl, Rimmel O.P.I are allegedly interested and ready to shell out 600 million dollars to acquire the share. The controversial billionaire and daughter, Stormi will be set forever if she goes ahead with this deal. Tristan Thompson And Khloé Kardashian's Relationship Was Already On The Rocks When News About Him And Jordyn Woods' Tryst Broke Out!
Her Latest Instagram Post:
Kylie cosmetics was launched back in 2015 and was sold out within 15 minutes of its launch. Kylie launched her brand with three nude lip kits and expanded her brand after that. After the lip kits, people lost interest in the brand due to their rapid launches. The excitement dried out and maybe that is why Kylie is thinking or selling the brand. We wonder if Momager Kris Jenner has anything to do with this since she was the one who said there’s interest in selling
(The above story first appeared on LatestLY on Jun 25, 2019 02:25 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).