Does Jamie Kern Lima still own IT Cosmetics?
Does Jamie Kern Lima still own IT Cosmetics? She appeared in more than 1,000 live QVC shows, where IT Cosmetics became the largest beauty brand on QVC’s network. It was acquired by L’Oréal for $1.2 billion in 2016. Kern Lima remained with the company upon the acquisition and was the first female chief executive officer of a L’Oréal brand.
How much did Jamie Kern Lima sell IT Cosmetics for?
Within eight years, Kern Lima sold that company, IT Cosmetics, to L’Oreal for $1.2 billion in cash. It made Kern Lima a very rich woman — according to Forbes, she pocketed roughly $410 million from the deal, and is worth roughly $460 million today.
Who is the owner of IT Cosmetics?
Wikipedia
Is IT Cosmetics owned by Loreal?
The makeup line expanded from there, and eight years later, L’Oreal bought IT Cosmetics for $1.2 billion in cash. Kern Lima pocketed roughly $410 million from the deal, according to Forbes, and for about three years she stayed on as CEO of IT Cosmetics, which made her the first female CEO in L’Oreal’s history.
