- Kylie Jenner is considering selling her Kylie Cosmetics line.
- Coty Inc., the company that owns CoverGirl, OPI, and Sally Hansen, is reportedly considering paying her at least $600 million for it.
While the internet can debate all day long about whether or not Kylie Jenner is "self-made," she's still making money moves that would even make Bill Gates jealous. Since she started her Kylie Cosmetics line with her colorful lip kits, her brand has grown to be worth an estimated $900 million, and she's already reached billionaire status. Now, she's about to become even more rich if reports of her selling Kylie Cosmetics are true.
According to a "well-placed" Women's Wear Daily source, Coty Inc., the global company that owns brands like CoverGirl, OPI, and Sally Hansen, is working on a deal to buy a little over half of Kylie Cosmetics for $600 million. Kylie would also reportedly hold on to 49 percent of her brand, which means she won't lose all control of or profits from the company.
Previous WWD reports said Kylie's been eyeing potential buyers for a while now and Kris, by way of a spokesperson, said the brand has seen "incredible" success and "there will always be some interest." Kylie's been holding out for the perfect opportunity, and while neither she nor Coty have commented on these reports, $600 million is nothing to sneeze at!
Coty's brands tend to be found in aisles across all your favorite stores, like CVS and Walgreens, so this sale could mean that you'd no longer have to wait for your lip kits and highlighters to come through the mail. Right now, Kylie's makeup products are also sold in Ulta Beauty stores, but wouldn't it be great to shop the line while spending an ungodly amount of time at Target?!
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