Keeping this in view, what happened to IT Cosmetics?
In 2016, Kern Lima sold IT Cosmetics to L’Oréal for $1.2 billion and has been included on the Forbes’ list of “America’s Richest Self-Made Women” since 2017.
In respect to this, is IT Cosmetics owned by L Oreal?
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.
Where is IT Cosmetics manufactured?
IT Cosmetics products are made all over but a majority are made in China, the US and South Korea. They are a US based brand and they are owned by L’Oreal. L’Oreal is not cruelty-free and their products are sold in Mainland China.
Are IT Cosmetics Cruelty Free?
IT Cosmetics is cruelty-free. IT Cosmetics has confirmed that it is truly cruelty-free. They don’t test finished products or ingredients on animals, and neither do their suppliers or any third-parties. They also don’t sell their products where animal testing is required by law.
Who is L Oreal owned by?
L’Oréal Today
As of 2013, 33.31% of the company is owned by the Bettencourt family, 23.29% of the company is owned by Nestle, and 21.8% of the company is owned by institutional investors. The remaining 15.3% is owned by French institutional investors, individual investors, and employees.
Who owns Estee Lauder?
6 The Lauder family—which currently owns Class A and Class B shares of Estée Lauder Companies’ common stock and 85% of the voting power—has a personal net worth of $40 billion in 2020.
How was IT Cosmetics founded?
Prior to launching IT Cosmetics, Jamie Kern Lima was an award-winning TV news anchor with beauty challenges including sparse brows and sensitive skin. She couldn’t find products that truly worked, so she decided to create them.
What was the first IT Cosmetics product?
2009: The First Products
Kern Lima decided the inaugural products would be face palettes for contouring and highlighting. “This was before contouring was a thing, so it wasn’t really successful at the time,” she says. “But we stuck to our brand DNA — which was to do the work of a plastic surgeon with makeup.
What is the number 1 makeup brand?
What is the most popular makeup brand in the world?
Best Cosmetic Brands in the World
- MAC Cosmetics. …
- Clinique. …
- Christian Dior SE. …
- Lancome Paris. …
- NARS Cosmetics – Cosmetic Brands. …
- Estee Lauder Companies – Cosmetic Brands. …
- Avon Products – Cosmetic Brands. …
- Neutrogena – Cosmetic Brands.
Are IT Cosmetics paraben free?
Talc free, paraben free, sodium lauryl sulfate free, mineral oil free, petrolatum free, synthetic fragrance free, phthalates free, cruelty free.