Another scandal in the Kardashian family – the ex-CEO of a celebrity beauty company is seeking as much as $32 million from the Kardashians over their Kardashian Beauty line.
Mr John LaBonty, who headed up Boldface that launched the line, alleges Kim, Khloe and Kourtney Kardashian as well as their mum Kris Jenner failed to pay him an agreed five percent share of profits from their beauty products. The businessman didn’t expect such attitude from the side of celebrities. Nothing personal, just business.
The reality stars have a deal with Boldface to market the beauty line and although the company was acquired by another company in 2014, Labonty says he’s still entitled to millions of dollars in profits.
Kardashians stole money from their cosmetic business partner Labonty
Now, Mr Labonty is seeking as much as $32 million from the world-famous family over their Kardashian Beauty line. In fact, it’s the latest suit to be filed stemming from the launch of the Kardashian Beauty line back in 2012. It debuted as Khroma Beauty with Boldface marketing the products.
So far, there are no comments from Kardashian family. The sales of the Kardashian products slumped and in 2014, Hillair Capital Management acquired Boldface and invested $10 million to salvage the beauty line.
An attorney for Kim Kardashian told ET in response:
‘The lawsuit is a disgrace. It is a jumble of false accusations which will be exposed as lies.’