Kris Jenner, the ultimate momager, is stepping aside as chief executive officer of Kylie Cosmetics and Kylie Skincare. Coty Inc., which spent $600 million for 51 percent of the brands, revealed that Andrew Stanleick, executive vice president, Americas, will also become the global CEO of Kylie Jenner’s beauty business and oversee the management of Kim Kardashian West’s beauty brand. Coty paid $200 million for 20 percent of KKW Beauty in a deal that closed in January. Stanleick has also been promoted to Coty’s global leadership team. Kris Jenner will remain on the board of King Kylie LLC, the joint venture created between Coty and the brands, to whom Stanleick reports in his role as CEO. The appointment comes at a critical time for the business. Kylie Cosmetics is set to unveil an entirely new range this summer, as well as a new direct-to-consumoer platform where consumers will be able to access the entire lineup across color cosmetics and skin care for the first time. Kim Kardashian West, meanwhile, is readying her first foray into skin care, set to launch sometime in Coty’s fiscal year 2022, which starts in July. “Kylie’s business was impacted by COVID-19, but it is coming out of it strongly,” Stanleick
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