Kylie Cosmetics

Last updated
Kylie Cosmetics, LLC
FormerlyLip Kit by Kylie (2014–2016)
Company type Joint venture
Industry Cosmetics
Founded2014;10 years ago (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.com

Kylie Cosmetics, LLC is an American cosmetics company founded by Kylie Jenner. [1] The company began selling Kylie Lip Kits, a liquid lipstick and lip liner set, on November 30, 2015. [2] Formerly known as Lip Kit by Kylie, the company was renamed Kylie Cosmetics in 2016.[ citation needed ]

Contents

In 2018, Forbes reported that the company was valued at $800 million and in March 2019 valued the company at $900 million. [3] [4] Coty bought a 51% controlling stake in the company for $600 million in November 2019 valuing the company at approximately $1.2 billion. [5] [6] However, in early 2020 Forbes reported—citing documentation from the Coty deal—that Kylie Cosmetics had overvalued itself. [7]

Background

In 2014, Jenner and her mother Kris Jenner founded Kylie Cosmetics in partnership with Seed Beauty. [8] The company's first product named Lip Kits, consisting of a liquid lipstick and lip liner, were released on November 30, 2015. [2] The first 15,000 lip kits were produced by Seed Beauty and funded by Jenner at a cost of $250,000 from her modelling earnings. [3] The company was renamed Kylie Cosmetics in February 2016, and production was increased to 500,000 kits. [3] By the end of 2016, the company's total revenue was over $300 million. [3]

Jenner has used her former insecurity about her lip size as an inspiration for the brand, saying, "It's the most authentic thing I've done in my career". [9] Many attribute the brand's success to Jenner's cosmetically altered lips. [10]

Business

Collaborations and collections

Kylie Cosmetics stand in duty free of Melbourne Airport, Australia Kylie Cosmetics Melbourne Airport Duty Free 2024.jpg
Kylie Cosmetics stand in duty free of Melbourne Airport, Australia

In April 2017, Jenner announced her collaboration with Kim Kardashian, called KKW X Kylie. [11] [12] In May, it was announced that Khloé Kardashian would be collaborating once again with the brand for a collection titled Koko. [13] In a month long pop-up event in November of the same year, seven TopShop stores across the US sold Kylie Cosmetics products. [14] In November 2018, Kylie Cosmetics products were made available for purchase at Ulta.

In April 2018, Jenner announced a collaboration with her half-sister Kourtney Kardashian, named Kourt X Kylie. [15] On May 9, 2018, Kylie and Kris Jenner announced their collaboration called the Kris Kollection via Instagram. The Mini Lip Set in the Kris Kollection, which includes eight mini liquid lipsticks, is aptly named “Momager”, a title in which Kris Jenner has personally taken on, and attempted to trademark, in recent years. [16] In addition to the "Momager" Lip Kit, the Kris Kollection includes lip glosses and a four pan pressed powder highlight/blush palette, which has created a lot of controversy online with both good and bad reviews. [17] The collection was released just prior to Mother's Day. [18]

In 2019, Kylie announced her collaboration with Oliver Rousteing named Kylie X Balmain. It launched on September 27 of that year. [19] In 2020, Kylie Cosmetics released a collaboration with The Grinch for Christmas. [20] In October 2021, Kylie Cosmetics released a A Nightmare on Elm Street collaboration for Halloween. [21] [22] On October 19, 2022, Kylie Cosmetics released a collaboration with Batman named Batman x Kylie. [23]

Non-collaborative collections

In February 2018, Jenner released Kylie Cosmetics’ first non-collaborative collection named Weather. Jenner explained the collection is an ode to her daughter, Stormi, who inspired the collection and was born earlier that month. [24] [25]

Pop-up locations

Jenner previously made appearances at pop-up shops which were located inside Topshops. [26]

Packaging

The 2016 redesign of the Kylie Lip Kit packaging Kylie Lip Kit box redesign.jpg
The 2016 redesign of the Kylie Lip Kit packaging

In May 2016, Kylie Cosmetics changed the packaging of its Lip Kits due to complaints of theft. Due to the easily recognizable packaging and high demand for the product at the time, some customers received empty boxes after having their products stolen in the mailing process. The original Kylie Lip Kit box was black with a white lip gloss drip design. In order to solve the theft issue, the boxes were changed to a basic black, and the recognizable lip gloss design was moved to the inside of the box. [27]

In the April 2018 release of the Kourt X Kylie Collection, Kylie Cosmetics included eyeshadow palettes with brand new plastic packaging rather than the traditional cardboard packaging. [28]

Marketing

While Jenner or members of her family often serve as models of Kylie Cosmetics, the pair of lips that advertise the Lip Kits themselves belong to beauty and lifestyle blogger Ashley Rosales. Before entering the beauty community, Rosales served in the United States Army as a mechanic. [29] Jenner revealed that she has enlisted her housekeeper and her former boyfriend Travis Scott to model swatches of the makeup on their arms for social media advertisements. [30]

Criticism

Expensive brush set

In an occurrence dubbed by Cosmopolitan Australia as the "Kylie makeup brush scandal of 2017", Jenner received backlash from fans, makeup gurus, and Internet users alike after Kylie Cosmetics launched a set of 16 luxury makeup brushes, priced at $360. [31] After a few prominent YouTubers, including James Charles and Jeffree Star weighed in with their negative opinions on the price of the brush kit, Jenner responded via her personal Twitter, telling fans, "I hear you guys." [32]

All 30 shades of Kylie Cosmetics' controversial concealer line Kylie Cosmetics Concealers.jpg
All 30 shades of Kylie Cosmetics' controversial concealer line

Concealer controversy

After the release of their concealer line, named Skin Concealer, Kylie Cosmetics received negative feedback from Internet users who claimed the company was copying Rihanna’s makeup line, Fenty Beauty. Though the intention of the makeup line was to remain inclusive, it was assumed by some that Jenner was profiting from diversity by including 30 shades in her concealer line. [33]

It was also observed that all of the darker shades had red undertones, as explicitly described on the Kylie Cosmetics website, prompting the criticism that it did not cater to all skin types. [34]

Eyeshadow Palette controversy

Back in 2017, Kylie Cosmetics received backlash after clients began reporting a strange and concerning smell from the brand's Royal Peach Eyeshadow Palette. This pungent smell was described as having a "chemical and glue" smell, with many comparing it to "spray paint" and "paint thinner". [35]

Provocative names

The release of Kylie Cosmetics' March 2018 line of blushes sparked anger among some fans who thought that the names of some of the new products, such as "Barely Legal", "Virginity", "X Rated", and "Hot and Bothered", were too provocative, especially for Jenner's younger fans. [36]

Company overvaluation

On April 8, 2020, Forbes again named Jenner as the world's youngest "self made" billionaire, citing her net worth having increased to $1.2 billion. [37] However, in May, Forbes released a statement accusing Jenner of forging tax documents so she would appear as a billionaire. The publication also accused her of fabricating revenue figures for Kylie Cosmetics, citing documents Coty Inc (which had acquired a majority stake in Kylie Cosmetics) had released. The Forbes article concluded that Kylie Cosmetics was significantly smaller and less profitable than previously reported. [38]

See also

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References

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  2. 1 2 "Kylie Jenner's cosmetics company has hit a $1B valuation and here we are applying her lipkit". Aol.com. 9 August 2017. Retrieved 26 May 2018.
  3. 1 2 3 4 Robehmed, Natalie. "How 20-Year-Old Kylie Jenner Built A $90 Million Fortune In Less Than 3 Years". Forbes .
  4. ↑ "The Tale Of Kylie Jenner And Her Billion-Dollar Beauty Company". Vogue.com. 5 March 2019. Retrieved 28 April 2019.
  5. ↑ "Kylie Jenner sells beauty company for $800m". BBC News . November 18, 2019. Retrieved November 18, 2019.
  6. ↑ "8-K". sec.report. Archived from the original on 2021-10-26. Retrieved 2020-06-04.
  7. ↑ Peterson-Withorn, Chase. "Inside Kylie Jenner's Web Of Lies—And Why She's No Longer A Billionaire". Forbes. Retrieved 2020-06-04.
  8. ↑ "Powering the Pout: The (Other) Woman Behind Kylie Cosmetics". Shopify's Ecommerce Blog - Ecommerce News, Online Store Tips & More. Retrieved 2018-05-15.
  9. ↑ Weiner, Zoë (2 May 2018). "How Kylie Jenner's Lip issues Inspired Her to Launch Kylie Cosmetics". Teenvogue.com. Retrieved 26 May 2018.
  10. ↑ Schaefer, Kayleen (21 October 2016). "Kylie Jenner Built a Business Empire out of Lip Kits and Fan Worship". Vanityfair.com.
  11. ↑ "Breaking news: Kim Kardashian West to collaborate with Kylie Cosmetics". Vogue France (in French). 2017-04-19. Retrieved 2023-02-27.
  12. ↑ "Kim Kardashian Shares BTS Photos with Her 'Twin Sissy' Kylie to Promote Lip Kit Collab (Launching Tonight!)". PEOPLE.com. Retrieved 2018-05-15.
  13. ↑ Nussbaum, Rachel (26 May 2017). "Kylie Jenner's Second Kylie Cosmetics Koko Collection Is On the Way". Glamour . Retrieved 11 May 2018.
  14. ↑ "$4.5 Million! 20 Lipsticks! How Kylie Jenner's Kylie Cosmetics Dominated 2017". People.com.
  15. ↑ Abelman, Devon (18 April 2018). "The Kylie Cosmetics Kourt Collection Is Officially Happening". Allure . Retrieved 11 May 2018.
  16. ↑ "MOMAGER Trademark of Jenner Communications Inc. - Registration Number 6033935 - Serial Number 86625667 :: Justia Trademarks". trademarks.justia.com. Retrieved 2022-09-11.
  17. ↑ Robin, Marci (11 May 2018). "All the Details on Kris Jenner's New Kris x Kylie Cosmetics Collection". Allure.com.
  18. ↑ Rosenstein, Jenna (10 May 2018). "Kylie Jenner on Baby Weight and Working Out After Stormi". Harper's Bazaar.
  19. ↑ Penrose, Nerisha (2019-09-24). "Kylie Jenner's Makeup Collaboration With Balmain Will Debut at Paris Fashion Week". ELLE. Retrieved 2020-05-07.
  20. ↑ "Kylie Jenner reveals her Grinch inspired holiday makeup collection and it is everything". 14 November 2020.
  21. ↑ "Freddy Krueger Gets a Makeover in Kylie Jenner's 'Nightmare on Elm Street' Collection". 13 October 2021.
  22. ↑ "Kylie Jenner's Take on Freddy Krueger is Way More Glamorous Than the Original". 6 October 2021.
  23. ↑ Kylie Is Halloween Ready
  24. ↑ "Kylie Jenner's New Beauty Collection Is Dedicated To Her Daughter — Because Of Course". Refinery29.com. 22 February 2018.
  25. ↑ "Kylie Jenner Unveils Newest Cosmetics Collection Inspired by Newborn Daughter Stormi". people.com.
  26. ↑ "Topshop", Wikipedia, 2020-04-24, retrieved 2020-05-07
  27. ↑ Navarro, Andrea (23 May 2016). "This Is What the New Kylie Lip Kit Boxes Look Like". Teenvogue.com. Retrieved 26 May 2018.
  28. ↑ "Kylie finally upgraded her makeup packaging to feel less cheap". Revelist.com.
  29. ↑ "Damn. Talk about a badass alert". Revelist.com. Retrieved 26 May 2018.
  30. ↑ "We've Found Out Who Kylie Jenner's Makeup Swatch Model Is". Grazia. 16 May 2017. Retrieved 26 May 2018.
  31. ↑ "The 6 Meanest Things Critics Have Said About Kylie Jenner's $360 Makeup Brushes". Cosmopolitan. Retrieved 26 May 2018.
  32. ↑ "Kylie Jenner responds to fans who complained her $360 'luxury' makeup brush set was way too expensive". Thisinsider.com. 8 December 2017.
  33. ↑ "People Are Accusing Kylie Jenner Of Copying Rihanna's Makeup Line". Buzzfeed.com. 8 December 2017.
  34. ↑ Battle, Marquaysa (January 9, 2018). "Kylie Jenner's 'inclusive' concealer ignores one important fact about dark skin". Revelist. Retrieved August 17, 2020.
  35. ↑ Pham, Jason (2017-12-24). "7 Shocking Kylie Cosmetics Scandals that Might Make You Stop Shopping There". StyleCaster. Retrieved 2023-02-28.
  36. ↑ Duff, Seamus (14 March 2018). "Fans fuming over what Kylie Jenner has named latest makeup product". Mirror. Retrieved 26 May 2018.
  37. ↑ "Kylie Jenner is named Forbes youngest self made billionaire for a second year in a row". cosmopolitan. 8 April 2020.
  38. ↑ Peterson-Withorn, Chase; Berg, Madeline (May 29, 2020). "Inside Kylie Jenner's Web Of Lies—And Why She's No Longer A Billionaire". Forbes . Retrieved May 29, 2020.
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