Is Kylie Cosmetics up for grabs? M&A rumors swirl around Lip Kit brand

Is Kylie Cosmetics up for grabs? M&A rumors swirl around Lip Kit brand

Kylie Cosmetics is said to be considering a sale, according to a report published by WWD. The Lip Kit producer is rumoured to be in talks with potential buyers and investors.

“The success of Kylie Cosmetics has been incredible, and with that awareness there will always be some interest. We’re always open to exploring opportunities,” Kylie’s mother Kris Jenner told WWD via a spokeswoman.

The brand, which made its founder a billionaire, is said to carry a price tag of around US$3 billion on the back of estimated sales of US$360 million in 2018 (per WWD).

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