This comes just after Jenner sold a 51 percent stake in her Kylies Cosmetics brand for $600 million. The transaction has allowed beauty giant Coty to take control of the brand and implement new leadership.
“We are pleased to complete this transaction and partner with Kylie Jenner to build a high growth, digitally native beauty brand,” says Pierre Laubies, chief executive officer, Coty.
Jenner will continue to lead all creative efforts for communications initiatives and product, while Coty will maintain overall responsibility for the brand’s portfolio development through their focus on manufacturing, distribution and more. Honnefelder will take over as chief executive officer for both Kylie Cosmetics and Kylie Skin.
“I’m excited to welcome Christoph to the team and look forward to the continued growth of Kylie Cosmetics and Kylie Skin,” says Jenner.
Prior to this role, Honnefelder
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