Kris and Kylie Jenner Approach Jeff Bezos to Buy Back Kylie Cosmetics

Kris Jenner and her daughter, Kylie Jenner, are reportedly seeking a change in the ownership of Kylie Cosmetics. They are interested in having Jeff Bezos buy out Coty's controlling stake.

Background on Kylie Cosmetics

Coty purchased a 51% stake in Kylie Cosmetics for $600 million in 2019. However, Kris and Kylie are dissatisfied with how Coty has managed the brand. They have expressed their wish for Jeff Bezos to take over the investment.

Bezos' Potential Interest

Jeff Bezos and his wife, Lauren Sanchez, have been known to invest in celebrity-driven enterprises, like Sydney Sweeney's SYRN lingerie line. Their social circle influences their charitable giving as well.

Coty's Investment Strategy

Coty has previously invested in Kardashian businesses, including a significant stake in Kim Kardashian's beauty brand. They eventually sold it back at a financial loss. Coty is considering selling some consumer beauty brands to focus on fragrances.

Kris and Kylie have reportedly discussed buying back their brand from Coty before but faced disputes over valuation. Representatives for Coty, Bezos, and the Jenners declined to comment.