TokyoTokyo Mon - Fri 10:00-18:00 +81 (368) 662-975
info@mountequitygroup.com

Kylie Jenner Beauty taps new CEO amid sales decline

Mount Equity Group Tokyo, Japan > News > Business > Kylie Jenner Beauty taps new CEO amid sales decline

The rapid-fire reshuffling at the top of Kylie Jenner’s cosmetic company continued this week with what appears to be the company’s fourth new chief in less than two years.

Coty on Wednesday said it’s tapped Andrew Stanleick — Coty’s executive vice president of the Americas since 2017 — to head up Kylie Jenner Beauty Brands.

Stanleick will also oversee Coty’s 20 percent stake in big sister Kim Kardashian West’s beauty business, which Coty secured last year for $200 million. The cosmetic company behind CoverGirl and OPI brands bought a majority stake in Jenner’s brand of make-up and skincare products in 2019 for $600 million.

Wednesday’s move bumped Jenner’s mom, Kris Jenner, from the role of interim CEO of Kylie Cosmetic and Kylie Skin.

Coty says Jenner — whose family rose to fame with hit reality TV show “Keeping Up with the Kardashians” — took on the role of interim CEO in April 2020.

That’s where things start getting confusing.

In January 2020, Coty named Christoph Honnefelder, a former executive with European specialty retailer Douglas, as CEO of Kylie Cosmetics. But Honnefelder never officially joined the company. And by June, Coty said it had tapped Simona