Thanks to Kylie Cosmetics and a new deal with beauty retailer Ulta, Kylie Jenner has an estimated $1 billion fortune. “It’s the power of social media,” she says. “I had such a strong reach before I was able to start anything.”
“It’s the power of social media,” Jenner says. “I had such a strong reach before I was able to start anything.”
Ulta and Jenner are a sensible pairing. With Ulta’s mix of pricier prestige brands, like MAC Cosmetics, and cheaper selections, such as Nyx Professional Makeup, it has a larger footprint than that of its closest competitor, the more expensive Sephora. Analysts say Kylie Cosmetics is drawing younger customers through Ulta’s doors—teens who might not have a credit card to shop online.
“She did well online, but there’s only so far that that can take her,” says Shannon Coyne, an equity research analyst at BMO Capital Markets. “She probably realized: ‘If I want to get big, I’ve got to scale, and to do that, I need a partner.’ Ultimately, she wants to grow her brand, and she needs this store presence to do that.”
, entered Ulta in 2012 and promptly grew to sales of $117 million by 2014. In August 2016, L’Oréal paid $1.2 billion in cash for it.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
13 Times Kylie Jenner Was Relatably AwkwardPictures of Kylie Jenner before she was Kylie Jenner.
और पढो »
At 21, Kylie Jenner Becomes The Youngest Self-Made Billionaire EverThanks to Kylie Cosmetics and a new deal with beauty retailer Ulta, Kylie Jenner has an estimated $1 billion fortune. “It’s the power of social media,” she says. “I had such a strong reach before I was able to start anything.”
और पढो »
Forbes crowned Kylie Jenner the youngest 'self-made' billionaire, and it's sparked an outcry onlineKylie Jenner, 21, is the youngest self-made billionaire, Forbes reported on Tuesday.
और पढो »
At 21, Kylie Jenner Becomes The Youngest Self-Made Billionaire EverThanks to Kylie Cosmetics and a new deal with beauty retailer Ulta, Kylie Jenner has an estimated $1 billion fortune. “It’s the power of social media,” she says. “I had such a strong reach before I was able to start anything.”
और पढो »
Kylie Jenner is now the world's youngest billionaireThe 21-year-old made Forbes' annual ranking of the world's richest people. The magazine credited Jenner's makeup company, Kylie Cosmetics, with helping her cross the threshold.
और पढो »
Kylie Jenner has officially become the youngest self-made billionaire everKylie Jenner has reached billionaire status, according to Forbes.
और पढो »
Kylie Jenner Is Officially The Youngest Self-Made Billionaire In HistoryGuys, Kylie Jenner Is The World's Youngest Self-Made Billionaire And I've Never Felt More Poor
और पढो »