According to court documents, the investment company claims that it “suffered significant damages” due to the Kardashians, and are seeking the $10 million they’ve already invested plus the value of their equity interest that was estimated “between $64 million and $180 million.”
If you’ve been following the Kardashians’ business endeavors, the sisters originally partnered with the company Boldface in 2012 for Khroma Beauty. Unfortunately, Boldface went belly up and a judge blocked the beauty line from being called Khroma due to another beauty line having that same name.
That’s when Hillair stepped in with $10 million to help save the newly-named Kardashian Beauty.
Long story short, Hillair is now claiming that Kris Jenner‘s daughters have not contributed to making the business a success, as they have not marketed the products to their millions of followers on social media.
“The essence of the parties’ bargain was that Hillair would put up millions of dollars to fund the continued distribution of the Kardashians’ line, and the Kardashians would continue to be the faces of the line, and actively promote, market and support the line … The Kardashians immediately stopped marketing, promoting, and supporting the line and began courting new potential investors to buy out Hillair’s stake. In short, the Kardashians wanted a better, more lucrative deal.”
[Image via WENN.]