Must Read: Kylie Jenner May Buy Back $600 Million Stake in Kylie Cosmetics, Hollywood Stylists Discuss Unionizing
These are the stories making headlines in fashion on Friday. Kylie Jenner is considering buying back $600 million stake in Kylie CosmeticsAfter selling 51% of her beauty brand, Kylie Cosmetics, to Coty Inc. in 2020, Kylie Jenner has been having informal discussions about buying the $600 million ...Continue reading
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After selling 51% of her beauty brand, Kylie Cosmetics, to Coty Inc. in 2020, Kylie Jenner has been having informal discussions about buying the $600 million stake back to regain ownership, according to Bloomberg. Jenner's sister, Kim Kardashian was reported to be exploring her own buy-back deal with Coty Inc., regarding her skin-care line SKKN by Kim — pointing toward a strained relationship between the famous family and the beauty conglomerate, reportedly due to the sisters' dissatisfaction with how the company has been directing their eponymous brands. {Bloomberg/paywalled}
Hollywood stylists discuss unionizing
According to industry sources, Hollywood stylists are seriously considering unionizing. One reason is that the most typical industry rate for a celebrity stylist is $500 per outfit, which often does not cover the costs of transportation, stylist assistants, tailoring and other expenses. "The stylists need to agree that the union is the most important thing, and that means once they join, they can't work on non-union productions," said fashion attorney Kaitlin Puccio. "This way, any studio that wants to hire the best of the best needs to have a union contract." Once organizers settle on a strategy and enough members have joined, they can petition with the National Labor Relations Board to officially represent the workers.
