Gwyneth Paltrow's unexpected business crisis
With more than 15 years of experience, Goop, Gwyneth Paltrow's company, has grown to become a true empire. However, recent reports from El País indicate that several analysts predict an imminent decline in the company's growth.
The company started as a newsletter in which the actress shared lifestyle advice from her home. She popularized the term 'conscious uncoupling' after separating from Chris Martin.
Although initially planned as a media company, over the years Goop became famous for the peculiar products on sale, such as a candle that smelled like a woman's privates or a steamy toy made of 24-carat gold.
While the company is still selling products that have been labeled as controversial, it is also in the midst of a legal battle, El País reports.
In March, the company 'Good Clean Love' sued Goop for trademark infringement over Paltrow's good.clean.goop line.
In addition to the ongoing lawsuit, the company cut 18% of its workforce in September of this year. It said this cut was necessary in order to limit Goop to "beauty, fashion and food" products.
According to some experts quoted by the newspaper El País, one of the biggest problems facing the company is its 'excessive diversification'.
Despite her legal problems, the actress seems to be alright personally. Recently, Paltrow spent a weekend in Paris with her mother Blythe Danner, her ex-husband Chris Martin, and her children Moses and Apple.
The family was together in the French capital to celebrate the debut of their 20-year-old daughter, Apple, CNN reported.
The debut took place at Le Bal des Débutantes in the French capital, and the young woman danced with her father and took photos with her mother.
Photo: gwynethpaltrow / Instagram
The 'Debutante Ball' is an event where upper-class young women are formally introduced to society. This gala has gained international prominence and big celebrities have taken part in it. Examples are Lilly Collins, Ava Phillippe (daughter of Reese Witherspoon), and Tallulah and Scout Willis, the daughters of Demi Moore and Bruce Willis.
Image: photo from the Paris Debutante archive, 1994
According to recent statements picked up by media outlets, Gwyneth Paltrow is not overly concerned about the recent problems facing her company.
Paltrow told The New York Times that she won't have that job forever. The businesswoman said she had told her mother that she would do a play as soon as she sold her company.
Bethan Holt, fashion director at The Telegraph, explained why the company will probably not be doomed entirely. "There will always be a generation of women for whom Gwyneth feels like a k o o k y old friend or a goddess guru whose every piece of advice they follow," she told Page Six.
Holt also noted that Paltrow has inspired figures such as Catherine Zeta-Jones and Jessica Alba to take similar paths.
And let's also take note of Meghan Markle's lifestyle endeavor, American Riviera Orchard. Its situation is comparable to that of Goop in various ways, as Markle, too, faces legal and commercial issues while setting up her brand. Especially the trademark process has been burdensome, the Economic Times reports.
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