Wednesday, April 23, 2014

Gwyneth Paltrow's Goop Bleeding Red Ink

Gwyneth Paltrow's lifestyle blog Goop millions of dollars in the hole.
How does Goop, the weekly lifestyle email/newsletter and brainchild of actress Gwyneth Paltrow, support itself? That question has been plaguing those who wanted the secret of how Paltrow has been able to spread her gospel to the people. Well, newly released documents indicate that Goop has had some very unprofitable years – except, of course, for Gwyneth and her CEO.
Radar Online has obtained Goop's corporate documents for 2011 and 2012 which reveal a few interesting things, if you're someone who considers the goings-on of Gwyneth Paltrow's work life interesting. Between 2011 and 2012, Gwyneth and CEO Sebastian Bishop enjoyed a sizable increase in pay, from £102,788 to £350,000, or from less than $200,000 to almost $600,000. In 2012, Paltrow (who goes by her married last name of Martin in the papers) and Bishop also received personal interest-free loans from Goop; Paltrow's was £29,200 and Bishop's was £49,800, totaling over $100,000. Bishop paid back £13,000 of that money, while Paltrow had not.
All of this would probably be on the up-and-up, if the rest of the company hadn't been doing badly financially. In 2012 Goop made £908,378, or almost $1.5 million. But their expenses were £932,096, which meant they lost £23,715, or $39,850. That's an improvement from 2011, when they made £64,484 and spent £216,544, putting them £152,060 — that's $255,500 — in the red. Goop can credit the increase in profits to product sales, Groupons and commissions. Documents are not available for 2013, so perhaps this past year was a banner year for Goop. But the report indicates that the company owed over $1.2 million, due by the end of 2013.
Jacked from Jezebel

1 comment:

Its Ms.Cunt to you hoes said...

The 99% could not related to that pretentious materialistic shit. the age of materialistic lifestyle is finished, no one cares about the "fantastic lifestyle of the rich and famous" clearly them hoes are still unhappy, the curtain has been pulled back and the public is not impressed.

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