 | |
| Formerly | Lip Kit by Kylie (2014–2016) |
|---|---|
| Company type | Joint venture |
| Industry | Cosmetics |
| Founded | 2014 |
| Founder | Kylie Jenner |
| Headquarters | , United States |
Area served | Worldwide |
Key people | Kylie Jenner (chairperson) Anna von Bayern (CEO) |
| Products | |
| Owner | Coty (51%) Kylie Jenner (49%) |
| Website | kyliecosmetics |
Kylie Cosmetics, LLC is an American cosmetics company founded by Kylie Jenner.[1] The company began selling Kylie Lip Kits, a liquid lipstick and lip liner set, on November 30, 2015.[2] Formerly known as Lip Kit by Kylie, the company was renamed Kylie Cosmetics in 2016.[citation needed]
In 2018, Forbes reported that the company was valued at $800 million and in March 2019 valued the company at $900 million.[3][4] Coty bought a 51% controlling stake in the company for $600 million in November 2019 valuing the company at approximately $1.2 billion.[5][6] However, in early 2020 Forbes reported—citing documentation from the Coty deal—that Kylie Cosmetics had overvalued itself.[7]
- ^ Storm, Meg (3 April 2018). "Kylie Jenner Just Shared a Sneak Peek of Her New Kylie Cosmetics Lip Kits for April 2018 — and We're Obsessed". US Magazine. Retrieved 17 April 2018.
- ^ "Kylie Jenner's cosmetics company has hit a $1B valuation and here we are applying her lipkit". Aol.com. 9 August 2017. Retrieved 26 May 2018.
- ^ Robehmed, Natalie. "How 20-Year-Old Kylie Jenner Built A $90 Million Fortune In Less Than 3 Years". Forbes.
- ^ "The Tale Of Kylie Jenner And Her Billion-Dollar Beauty Company". Vogue.com. 5 March 2019. Retrieved 28 April 2019.
- ^ "Kylie Jenner sells beauty company for $800m". BBC News. November 18, 2019. Retrieved November 18, 2019.
- ^ "8-K". sec.report. Archived from the original on 2021-10-26. Retrieved 2020-06-04.
- ^ Peterson-Withorn, Chase. "Inside Kylie Jenner's Web Of Lies—And Why She's No Longer A Billionaire". Forbes. Retrieved 2020-06-04.