Kim Chi, the founder and co-owner of Miami-based cosmetics company CGC, has died of complications related to Alzheimer’s disease.
Kim, who was 76, was in Miami on Saturday and had been hospitalized in New York for two days after contracting the disease.
CGC’s founder and CEO, Kim Chi-hui, was also in the hospital.
He was in hospice care on Saturday.
“Kim Chi-hsi is gone.
I will miss her,” CGC founder and owner Kim Chi said in a statement.
“The family is in a very difficult situation.
Kim’s love for all of us will never be forgotten.”
Kim Chi was born in Hong Kong and grew up in the United States.
He spent his childhood working in the fashion industry, but moved to the U.S. in the late 1980s to attend college and became a successful entrepreneur.
He founded the cosmetics company in 1985.
He and his family immigrated to Miami in the early 1990s.
“I want to extend my heartfelt condolences to all of his loved ones and all of the CGC family,” CGS founder and CGC board member and former Miami Dolphins coach Joe Philbin said in the statement.
CGM cosmetics is known for its natural, creamy skin, which is used in its foundation, eyeliner, lip gloss, mascara and face cream.
It was founded in 1994 and is a major player in the cosmetics industry, with over $50 billion in sales.
CGS cosmetics has been on a major expansion in recent years and is now the second-largest cosmetics brand in the U, behind the brand known as Cosmopolitan, according to the Cosmetics Association.
Kim Chi founded the company in 1989 and its products have become well-known for their smooth, natural formulas.
He moved to New York City in 1985, and his first venture, CGC cosmetics, was founded at the end of 1989.
Kim founded CGC to expand the company’s products and help people in his community.
“CGC was founded by Kim Chi.
He made the decision to create CGC products because of his love for people, and it is a product that everyone in our community will be able to use,” Philbin told ESPN’s Dan Dakich on Friday.
“He will be missed, but we are so blessed that he is now at home.
The family is hurting, but I am not going to let this go.”
CGC had a successful decade before Kim Chi took over as CEO in 2004.
He said he had no prior background in the cosmetic industry and had only recently begun to learn how to make cosmetics.
CGT cosmetics had an impressive run of success, but in 2013, CGM’s makeup business was acquired by Sephora, and Kim Chi’s involvement with the cosmetics business dried up.
Kim said at the time that he was looking to take CGC private.
Kim died in Miami Saturday.