Business
Kylie Jenner Sells Kylie Cosmetics for 600 Million USD
Kylie Jenner eventually makes herself richer by selling the majority of her cosmetics to the beauty giant Coty. Kylie Cosmetics and Kylie Skin have been in the market for quite a while. Both ladies and gents can’t just get enough of it.
According to this KarJenner sister, she wants to escalate her products to a more “international beauty powerhouse.”
How much did Kylie Jenner sell Kylie Cosmetics
Soon enough, she would be $600 million richer than today.
In 2018, Forbes reported that she had become the youngest self-made billionaire reaching up to $360 million in sales. The revenue generated $177 million.
Coty’s chairman of the board said that Kylie is a modern-day icon in terms of beauty consumerism. Kylie started launching her products in 2015 with lipsticks and developed more makeup and skincare products.
This lady may be the youngest among the famous Kardashian sisters. She is also the highest earner in the family.
Kylie had some backlashes from people because of the “self-made billionaire” title telling her that her money was from her inheritance but defended herself.
This young entrepreneur and beauty icon, has more than 150 million followers on Instagram. There’s 22 million followers from her official Kylie products account.
When is this happening?
In the third quarter of 2020, Coty will be able to own 51% of Kylie’s. Coty is a New York-based cosmetics company. They own a lot of international beauty brands like CoverGirl. This business transaction will allow her brand to spread all over the world, according to the press release on Monday.
Kylie elaborated, “This partnership will allow me and my team to stay focused on the creation of each product while building the brand into an international beauty powerhouse.”
She ensured that even though half of the stake is going to be owned by another company, Kylie Jenner ensures that she and her team will continue to work with the different creativeness and communications to their market.
This is quite obvious because of the number of followers she has in social media. Coty, on the other hand, will be in charge of the distribution, commercial, and market expertise. It will also take care of the licensing due to its global knowledge and capabilities.
Coty will be doing some turnaround for the company. It may include laying off and streamlining of the products. In 2015, they bought some P&G brands, including CoverGirl and Clairol.
It has many portfolios ranging from makeup, cosmetics, fragrances, skin and body care, hair products, and a lot more. Coty’s products and brands are sold in more than 150 countries all over the world. On the other hand, it will also try to commit to minimizing the impacts of their products on the environment.
The CEO of Coty, Pierre Laubies, announced, “This is an exciting next step in our transformation and will leverage our core strengths around fragrances, cosmetics and skincare, allowing Kylie’s brands to reach their full potential.”
Upon this decision, Coty increased its stock by 4% on Monday’s trading. This collaboration seemed to be getting at its best for everyone.
Business
CROWN GOOSE LAUNCHES A 6 STAR HOTEL GRAND MERCURE ROOM PACKAGE
Asia’s one of most prominent Hotelplexes, Yongsan Dragon City Hotel Grand Mercure and global luxury goose down bedding brand Crown Goose collaborate to showcase Grand Mercure Crown Goose Suite Room Package from July 20th to August 31st.
Asia’s one of most prominent Hotelplexes, Yongsan Dragon City Hotel Grand Mercure and global luxury goose down bedding brand Crown Goose collaborate to showcase Grand Mercure Crown Goose Suite Room Package from July 20th to August 31st.
Yongsan Dragon City Hotel is a part of Accor Hotel Group from France, and is the largest hotel in Korea with 1,700 rooms, 11 restaurants and bars. The hotel can accommodate up to 4,900 people. Yongsan Dragon City includes four brands: Grand Mercure, Novotel Suites, Novotel Ambassador, and ibis Styles Ambassador.
Crown Goose Suite Room Package is located in Grand Mercure, known as a 6-star hotel from the Accor Hotel Group. Grand Mercure has upto 3 bedrooms, full kitchen facility, and indoor golf course and an access to executive floor lounge.
Grand Mercure’s Crown Goose package room is decorated with royal gold color, which symbolizes success, elegance, and royal authority. This Grand Mercure Suite room displays the top 0.05% of Crown Goose clients’ favorite bedding items. The room package also includes gift box of towel sets.
Crown Goose, a global eiderdown brand has showcased “Crown Goose Room Package” in Hilton hotels before. Hilton’s ocean suite room, the highest room in Hilton accommodated a number of celebrities.
Located in the heart of Beverly Hills, Crown Goose is a goose down brand loved by the world’s top clients and super riches. Crown Goose’s recent clients included New York Manhattan Super Rich’s Residence, 15 Hudson Yards and many Beverly Hills mansions. Thanks to these facts, Crown Goose has established itself as a high-end luxury goose down comforter among the wealthy.
Business
PENINSULA Unveils World’s First Official 8K Main Trailer!
(PRESSREELS) CONTENTS PANDA(Next Entertainment World), which presents PENINSULA released the world’s first official main trailer of 8K image quality at noon (Korean time) on June 16, 2020.
Four years after ‘TRAIN TO BUSAN’, Connect with the survivors of the ‘PENINSULA’!
(PRESSREELS) CONTENTS PANDA(Next Entertainment World), which presents PENINSULA released the world’s first official main trailer of 8K image quality at noon (Korean time) on June 16, 2020. The trailer of PENINSULA, a 2020 Cannes Film Festival’s official invitation film, depicts the struggles of those who have survived in different ways for four years after TRAIN TO BUSAN.
PENINSULA is an action blockbuster depicting the last battle for survival between the people left behind in the ruins of the Korean peninsula four years after Train to Busan. The upcoming PENINSULA trailer ahead of its worldwide premiere release in the summer of 2020 is full of such big scale action sequences and explosive thrills together with fast-sounding gunfights and car-chasing scenes.
In particular, the official trailer of PENINSULA, which has 8K image quality for the first time in the world, meets the technical specifications of all digital devices and delivers a high level of visual completeness to moviegoers around the world. The 8K trailer, which is 16 times clearer than the FULL HD image quality and 4 times clearer than the 4K image quality, can be enjoyed in 8K, 4K and HD according to the device’s specifications if the 8K main trailer via the NEW’s official channel on YouTube is selected as the highest specification (4320p 8K). Especially, viewers can watch them with a perfect picture quality without an extra setup from the YouTube app on Smart TVs that support either 4K or 8K.
This super high-definition trailer was created through the collaboration of NEW’s digital business corporation NEW ID and SK TELECOM. Among the media-focused core technologies of AI-based Post Production, a joint enterprise between the two companies, the technology called Supernova is a media upscaling solution (up to 8K) to improved quality of image and sound source based on the AI’s deep learning algorithms while maintaining the quality level of the original.
Movie Information
– Title: PENINSULA
– Director: YEON Sangho (Psychokinesis | Seoul Station | Train to Busan)
– Genre: Disaster, Zombie
– Cast: GANG Dongwon (Illang: The Wolf Brigade | A Violent Prosecutor)
LEE Junghyun (Love, Again | The Battleship Island)
– World Sales: CONTENTS PANDA (NEW)
– Production: REDPETER FILMS (Birthday | Psychokinesis | Train to Busan)
– Expected Release Date: Summer 2020
– Logline: 4 years after the inexplicable disaster, they’re returning to the godforsaken land!
– Synopsis
: Jung-seok barely managed to escape from the unprecedented disaster in Korea 4 years ago and lives in exile in Hong Kong by himself. He is given a lucrative chance to return to Korea to retrieve large bags of cash left abandoned in the streets of Seoul. His mission is infiltrated ruined city of Seoul and secure the target truck before the sunrise, then return to Hong Kong unscathed. But he and his team are ambushed by a militia known as Unit 631 and vicious zombie hordes. During his desperate struggle to survive, Jung-seok experiences a moment of deus ex machina as survivor Min-jung and her family save him from brink of death. Together, they formulate one last plan to escape the peninsula for good. The prodigal son, the survivor and the deranged, their bloody battle begins!