Kris Jenner has confirmed to CNBC that her daughter Kylie Jenner's cosmetics company, Kylie Cosmetics, generated $420 million in revenue in its first 18 months of operation.
'The goal in the future is to just build the whole infrastructure, and figure out what a retail model might look like that could take it globally,' Kris told CNBC Tuesday. 'She’s just scratched the surface and there is so much more to do with the brand.'
She continued, 'Right now she’s super smart about keeping it all in the business. She owns it 100 percent herself, and she doesn’t have any investors. It makes for a wonderful opportunity to expand.'
She opened up about how she helped her daughter launch Kylie Cosmetics and the speed bumps they faced in the beginning.
'It was always Kylie’s dream to have a beauty brand and makeup company. She said [to me], ‘I really want you to help me do this and figure it out.’ And we tried launching some lip kits and they sold out in minutes, if not seconds,' she shared. 'I realized that we have a real viable business on our hands. It was crazy. The fulfillment center couldn’t really get them out fast enough and the site crashed three times. I realized we had to get a manufacturer really quickly that could handle the volume and get a fulfillment center pulled together.'