Friday, April 03, 2020

Blind Item #6

With the stock of this company cratering down to nearly $3 at its lowest during the sell off, the A- list reality star's side gig is looking a whole lot less lucrative. It isn't as if they gave her all cash. In fact, most of it was stock which has fallen about 70%. So much for being a billionaire. Narrator's voice. She was never a billionaire.

20 comments:

Tricia13 said...

Kylie

cheesegrater15 said...

Kylie πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚

I love it when bad things happen to the Kuntrashians.

Freed Weave said...

That's what you get for being so braggadocios. People stop supporting you especially when they all earn peanuts next to you. Eat humble pie and stop with the dead eye.

dj cash bar said...

She is the one selling off the most stock. she'll make her money.

ZZZedMaster said...

She's still a multi millionaire entern dear.Worth more than you blogger ass

Studio54 said...

Enty, according to the SEC 8Ka, she was not paid in stock, she was paid in CASH. The fact that COTY is tanking is not relevant, she was paid in cold hard cash:

From the SEC 8ka filing: "In accordance with the terms of the Purchase Agreement, and subject to the satisfaction or waiver of the closing conditions set forth therein, Coty will acquire 51% of the equity interests in King Kylie from the applicable Seller Group Parties for a base purchase price of $600,000,000 in cash, subject to certain customary adjustments."

sandybrook said...

Too bad!!😎She'll be yachting soon like her whore sisters do. (Assuming she's not already, but a big assumption)

sandybrook said...

there is a stip in the last five words studio 54 and her 49% share is in the tank in any case.

ZZZedMaster said...

She's still a multi millionaire entern dear.Worth more than you blogger ass

parissucksliterally said...

She still has a ridiculous amount of money.

I wish they'd buy a fucking island and go disappear.

IndieRaga said...

Nobody believed that stupid amount anyways!

Trapped said...

Kylie Forbes have been lying for decades
@Parissucks. I just wrote those exact words on the post before this one

Freed Weave said...

It's impossible for Coty to let Kylie walk away, 100% all cash transaction because its an eponymous label. They need Kylie's continuing participation and large social media following to promote the brand. Kylie must maintain a vested interest in the company.

Sunkist said...

Like in Death Becomes Her, Simon Ourian will be spray painting and crazy gluing all of the parts falling off and deflating on these aging, no talent blow-up dolls and they will be Lohan broke owing the IRS everything and their kids will be insufferable hookers and drug fiends because they will have no inheritance . --Ktrash/Jenners

OH YES I DID said...

The oldest grandson Mason who is 10 yo - has already made his social media debut!

Studio54 said...

This is the Coty press release when the transaction of Coty purchasing a 51 percent stake in Kylie Cosmetics was complete on 1/6/20. Coty, a conservative German conglomerate, put a German in as CEO. Then COVID-19 hit, and Coty turned to making hand sanitizer:

https://www.coty.com/in-the-news/press-release/coty-and-kylie-jenner-commence-strategic-partnership

Studio54 said...

Coty turned to making hand sanitizer as COVID-19 hit:
https://www.thestreet.com/investing/gucci-coty-hand-sanitizer-coronavirus

Studio54 said...
This comment has been removed by the author.
Habibti said...

Kylie. Apparently lipstick is not essential. Who knew? I also knew she was not a billionaire. They made that up to sell more copies of the magazine.

Count Jerkula said...

She is still a whore.

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