Kris Jenner reveals what's the vision ahead as daughter Kylie Jenner sells majority stake of her beauty firm
All of 22, Kylie Jenner made headlines as she became richer by almost USD 600 million by selling majority of the stake. Read on to know what Kris Jenner has to say.
The youngest billionaire, Kylie Jenner, set the Internet buzzing on Tuesday when she announced that she was selling 51 per cent stake of her beauty company, Kylie Cosmetics, to beauty conglomerate Coty. All of 22, Kylie made headlines as she became richer by almost USD 600 million by selling majority of the stake. The youngest of the Kardashian-Jenner family, Kylie has made some power business moves since she first started her beauty brand.
Speaking about her latest decision, Kris Jenner had some thoughts and revealed that she was proud of her daughter for taking such a huge step. In an interview with CNBC’s Squawk Box, Kris said, "Yesterday was a really big day for Kylie and our team at Kylie Cosmetics. Truly a moment for our family to be proud. It’s kind of a crystallization of all our work."
Kris, who heads Jenner Communications, also revealed what's the roadmap for the company ahead. "It’s 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. We decided to partner with Coty because they share the same vision as we do in building this into a huge thing. We dream big and this is something we’re so excited about," Kris shared.
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