Entertainment

Kim Kardashian brags KKW Beauty sales 'doubled' but still hasn't congratulated Kylie on $600m deal


Kim Kardashian brags KKW Beauty sales ‘doubled’ last year but she’s STILL yet to congratulate sister Kylie Jenner on her $600million cosmetics deal

Kim Kardashian wants you to know that little sister Kylie Jenner isn’t the only one making big bucks in the makeup industry.

The KKW Beauty and KKW Fragrance mogul, 39, revealed her lines were continuing to grow rapidly during an interview with WWD, telling the trade rag that the brand’s sales have ‘doubled’ in just the past year alone.

Kim’s boasting all comes in the wake of sister Kylie’s massive $600million deal with beauty conglomerate Coty.

Thriving: Kim Kardashian bragged about the success of her KKW Beauty and KKW Fragrance brands during an interview with WWD, telling the industry publication sales have 'doubled' in the past year. Kim is seen November 19 above

Thriving: Kim Kardashian bragged about the success of her KKW Beauty and KKW Fragrance brands during an interview with WWD, telling the industry publication sales have ‘doubled’ in the past year. Kim is seen November 19 above

‘I’m very active during sales and launches,’ the wife of Kanye West said of her commitment to the brands.

‘We’ve doubled in a year,’ she went on, before explaining how authenticity plays into the line’s identity.

‘It just makes me proud of the brand and makes me want to push to do exactly what I want to do and continue to make the products that I love and stay true to the authentic collaboration.’

While Kim was talking up her accomplishments, she has yet to publicly congratulate her little sister on her big deal.

Cha-ching: Kim's boasting all comes in the wake of sister Kylie Jenner's massive $600million deal with beauty conglomerate Coty. Jenner is seen in August above

Cha-ching: Kim’s boasting all comes in the wake of sister Kylie Jenner’s massive $600million deal with beauty conglomerate Coty. Jenner is seen in August above

READ  Myles Stephenson ‘drained 950ml of blood around lungs’ after horrific snowboarding accident
Involved: 'I'm very active during sales and launches,' the wife of Kanye West said of her commitment to the brands, seen above during Ulta's launch of the line on October 24

Involved: ‘I’m very active during sales and launches,’ the wife of Kanye West said of her commitment to the brands, seen above during Ulta’s launch of the line on October 24

Jenner sold a 51 percent stake in her Kylie Cosmetics line to Coty, whose portfolio also includes Clairol, CoverGirl, Max Factor, OPI, Rimmel, and Sally Hansen, among others.

The sale evaluated Kylie Cosmetics’ worth at a whopping $1.2billion, earning Jenner a cool $600million for giving up her majority stake in the company.

‘I’m excited to partner with Coty to continue to reach even more fans of Kylie Cosmetics and Kylie Skin around the world. I look forward to continuing the creativity and ingenuity for each collection that consumers have come to expect and engaging with my fans across social media,’ Jenner said in a press release.

‘This partnership will allow me and my team to stay focused on the creation and development of each product while building the brand into an international beauty powerhouse,’ she went on. 

Silent night: While Kim was talking up her accomplishments, she has yet to publicly congratulate her little sister on her big deal with Coty

Silent night: While Kim was talking up her accomplishments, she has yet to publicly congratulate her little sister on her big deal with Coty

Cashing out, cashing in: The sale evaluated Kylie Cosmetics' worth at a whopping $1.2billion, earning Jenner a cool $600million for giving up her majority stake in the company

Cashing out, cashing in: The sale evaluated Kylie Cosmetics’ worth at a whopping $1.2billion, earning Jenner a cool $600million for giving up her majority stake in the company

While neither Kim nor sisters Khloe or Kourtney have complimented Kylie on her business acumen, momager Kris Jenner couldn’t help but praise the deal.

‘Yesterday was a really big day for Kylie and our team at Kylie Cosmetics,’ the Keeping Up With the Kardashian matriarch, 64, said during an interview with CNBC’s Squawk Box on Tuesday.

READ  Phil and Holly giggle as guest calls off ghost wedding because groom did drugs

‘[It was] truly a moment for our family to be proud. It’s kind of a crystallization of all our work.’

Though Kylie is no longer the sole owner of the company, Kris says she’s still committed to the business and its vision.

‘This is what she wants to do for the rest of her life,’ Jenner went on.

Jenner was named the world’s youngest self-made billionaire of all time by Forbes earlier this year with an estimated net worth of $1 billion.

Money, money, money: Jenner was named the world's youngest self-made billionaire of all time by Forbes earlier this year with an estimated net worth of $1 billion

Money, money, money: Jenner was named the world’s youngest self-made billionaire of all time by Forbes earlier this year with an estimated net worth of $1 billion



READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.