'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.
agreed to pay $600 million for a majority stake in Kylie Cosmetics, founded by her daughter Kylie Jenner.
"There's always that possibility as the businesses grow," the matriarch of the Jenner-Kardashian empire told CNBC on Tuesday. Asked whether private equity firms looking consolidate their brands were calling since Monday's Coty announcement, Kris Jenner said, "You know, a girl doesn't talk about everything.
The family has leveraged the success of their longrunning TV show, "Keeping Up With the Kardashians," through social media, which has helped develop their handful of beauty, lifestyle and fashion brands. Kim Kardashian West, for example, owns KKW Beauty and"I can't think of a better match than Kim and her SKIMS business," Kris Jenner said in Tuesday'sinterview. "She's just dreamed about this for a decade ... and she lives it and breathes it.
However, that passion, Kris Jenner said, does make it harder for the family to hand their businesses over. "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."
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