![]() ![]() The company's first product Kylie Lip Kits, a liquid lipstick and lip liner, debuted on November 30, 2015. In 2014, Kylie Jenner and her mother Kris Jenner founded the company and partnered with Seed Beauty, a retail and product development company co-founded by siblings, John and Laura Nelson. However, in early 2020 Forbes reported-citing documentation from the Coty deal-that Kylie Cosmetics had overvalued itself. ![]() Coty bought a 51% controlling stake in the company for $600 million in November 2019 valuing the company at approximately $1.2 billion. ![]() In 2018, Forbes reported that the company was valued at $800 million and in March 2019 valued the company at $900 million. Formerly known as Kylie Lip Kits, the company was renamed Kylie Cosmetics. The company began selling Kylie Lip Kits, a liquid lipstick and lip liner set, on November 30, 2015. Kylie Cosmetics, LLC is an American cosmetics company founded by Kylie Jenner. ![]()
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