Kylie Cosmetics
Kylie Cosmetics, LLC is an American cosmetics company founded by Kylie Jenner. The company began selling Kylie Lip Kits, a liquid lipstick and lip liner set, on November 30, 2015. Formerly known as Lip Kit by Kylie, the company was renamed Kylie Cosmetics in 2016.
| Formerly | Lip Kit by Kylie (2014–2016) |
|---|---|
| Company type | Joint venture |
| Industry | Cosmetics |
| Founded | 2014 |
| Founder | Kylie Jenner |
| Headquarters | Oxnard, California , United States |
Area served | Worldwide |
Key people | Kylie Jenner (chairperson) Anna von Bayern (CEO) |
| Products | |
| Owner | Coty (51%) Kylie Jenner (49%) |
| Website | kyliecosmetics |
In 2018, Forbes reported that the company was valued at $800 million and in March 2019 valued the company at $900 million. Coty bought a 51% controlling stake in the company for $600 million in November 2019 valuing the company at approximately $1.2 billion. However, in early 2020 Forbes reported—citing documentation from the Coty deal—that Kylie Cosmetics had overvalued itself.
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