Celebrity News: How does Goop, actress Gwyneth Paltrow’s weekly lifestyle email/newsletter, make money? Um, well this is awkward — apparently, it doesn’t.
The company’s latest corporate documents, uncovered by RadarOnline, show that Goop’s assets fell almost $100K in the past year, from $848,226 in 2012 to $752,210 in 2013. That’s the good news for the lifestyle empire. Goop is in debt to the tune of $1,626,295, up from $1,155,330 last year, with the entirety of the bill coming due in the new year.
In addition, the Iron Man 3 actress only filed an “abbreviated balance sheet” for the company for 2013, meaning there may be more financial issues than the current filing reveals. Kind of like she cleaned her room by throwing everything under the bed.
Not only does the company appear to be in dire financial straits, but it can’t seem to hang onto leadership, either. Longtime CEO Sebastian Bishop quit in April when Goop’s shaky financial ground first came to light, with Finance Director Preete Janda following soon after in July.
Following Gwyneth’s split from husband Chris Martin, the company recently moved from its offices in London to Los Angeles. We’ll see if the (presumably) decreased rent helps stop the ship from sinking.
Read more on Celebrity News at http://www.celebrityballa.com/news/2014/11/debt-million-paltrows-goop-video-over-1-gwyneth
No comments:
Post a Comment