Did Kris Jenner Get 10 Percent Cut of Kylie's $600 Million Cosmetics Deal?

Malaysia News News

Did Kris Jenner Get 10 Percent Cut of Kylie's $600 Million Cosmetics Deal?
Malaysia Latest News,Malaysia Headlines
  • 📰 TMZ
  • ⏱ Reading Time:
  • 76 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 59%

Jenner also explains why they decided to sell 51% of Kylie Cosmetics to Coty (via toofab)

"Yesterday was a really big day for Kylie and our team at Kylie Cosmetics and truly a moment for our family to be proud," said the 64-year-old CEO of Jenner Communications. "It's kind of a crystallization of all of our work, but also a moment to just look forward and be really excited about the future."

"I think the goal is to just keep building Kylie's existing beauty business into a global powerhouse brand. That's the vision," she continued. "And we decided to partner with Coty because they share the same vision that we do in building this into a huge thing. We dream big, and this is something we're so excited about."

Kris went on to call the brand Kylie's "baby" and said it's her youngest daughter's "dream" to build a beauty empire that goes into "many categories that she hasn't even scratched the surface [of yet]." "She feels like this is where she belongs. This is where her passion is, and she really wants to use her creative side to develop her brand," Kris said, noting that "this is what she wants to do for the rest of her life. She talks about it all the time. Twenty years from now, she sees herself doing this and maybe passing it down to her daughter, [21-month-old Stormi Webster].

She laughed and replied, "Well, you know, I've told you that before. Listen, she's really lucky to be in the position she's at. And we work hard, and I just want to continue to help the girls do whatever it is to just focus on what it is their dreams are, and that makes me really happy. I think any time a mom is able to see the success of her daughters at this level and have them be really great people with great hearts and be super focused -- I'm just super proud.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TMZ /  🏆 379. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kris Jenner 'fears Caitlyn will reveal Kardashian family secrets in the Jungle'Kris Jenner 'fears Caitlyn will reveal Kardashian family secrets in the Jungle'Caitlyn is reported to have commanded a massive £500,000 fee to appear on the hit show - one of the largest cheques ever written by ITV bosses who want value for their money
Read more »

Kris Jenner and Lisa Rinna Filmed A '90s-Style Infomercial For Kim Kardashian's SkimsKris Jenner and Lisa Rinna Filmed A '90s-Style Infomercial For Kim Kardashian's Skims'I mean, we can actually breathe and be perky at the same time. You don't want sweet chariots to swing low!'
Read more »

Kim Kardashian Released 4 Hilarious '90s-Style Skims Infomercials Starring Kris JennerKim Kardashian Released 4 Hilarious '90s-Style Skims Infomercials Starring Kris Jenner.Skims's Solutionwear collection will be restocked soon — and KimKardashian is ready to party like it's $19.95.😂
Read more »

Kris Jenner Says Kylie Wants to Work on Her Company ForeverKris Jenner Says Kylie Wants to Work on Her Company ForeverKris Jenner is singing her daughter's praises: 'This is her baby and this is her dream... She hasn’t even scratched the surface.'
Read more »

Kris Jenner, after Kylie's big Coty splash, open to deals for her other kids' businessesKris Jenner, after Kylie's big Coty splash, open to deals for her other kids' businesses'If they do grow the business and they're able to sell something and keep having a hand in it, that's the ideal situation,' says the matriarch of the Jenner-Kardashian empire.
Read more »

Kris Jenner Reveals Kylie Jenner's Beauty Business Plans After SaleKris Jenner Reveals Kylie Jenner's Beauty Business Plans After SaleOn Monday, beauty company Coty Inc. announced it will pay $600 million for a 51% majority stake in Kylie Cosmetics.
Read more »



Render Time: 2025-03-19 14:25:10