The mass-market beauty company had $96.8 million in sales for the first half of 2016.
Rights groups applaud the decision as a victory for individual and religious freedom.
The favorite of the social media set is intent on growing its face product portfolio before branching out to more colorful cosmetics items.
Assuming it isn’t overturned on appeal, the decision frees up the famous sisters to pursue another beauty licensee to produce cosmetics capitalizing on their fame.
The brand has reached Millennials and increased its growth rate to 20 percent annually.
The matte eyeshadow collection is the latest addition to the L’Oreal-owned brand’s bestselling Naked franchise of palettes.
Victoria Beckham is poised to unveil a limited-edition collection of color cosmetics and skin care with The Estée Lauder Cos.