Gwyneth Paltrow’s Goop Has Reportedly $1.86 Million in Debts
Despite curating a pricey lifestyle of $25 monogrammed underwear and $75 gluten-free yoga mats, the digital media and e-commerce company founded the Oscar winner has reportedly racked up serious debts.
Financial records obtained by Radar Online documents that Goop has $1.86 million in unpaid debts, which is up from the $1.32 million the business owed in the previous 12-month period. Paltrow has also opted to file an “abbreviated balance sheet” for Goop’s 2013 accounts, but the information available shows the company’s assets fell from $974,178 in 2012 to $875,372 the following year.
Shareholders’ funds have also plummeted from a loss of $326,673 in 2012 to $961,346.
According to reports, the company, which has moved its headquarters from London to Los Angeles, has seen big staff changes with former Martha Stewart Living executive Lisa Gersh taking over from Sebastian Bishop as CEO. Goop’s Finance Director Preete Janda has also left her role only after a year with Paltrow’s business.