Gwyneth Paltrow’s Goop ‘with losses of £ 1.09 million’ in the UK

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Gwyneth Paltrow’s lifestyle brand Goop has suffered ‘terrible losses’ in the UK.

New Goop Inc Ltd’s paperwork ‘showed a loss of £ 1.09 million’ with Goop suffering in the aftermath of the pandemic.

The 48-year-old A-lister opened Goop’s London branch in Notting Hill in 2018, but the store closed in October.

Oh dear: 48-year-old A-lister Goop’s lifestyle brand has suffered ‘terrible losses’ of ‘£ 1.09m’ in the UK

An insider told it The sun: ‘These losses are terrible. The pandemic did not help and now Gwyneth will not reopen the store. ‘

They added, “In new paperwork, Goop Inc Ltd, which handles the business in the UK, showed losses of £ 1.09 million.”

Gwyneth founded Goop – which now has an estimated net worth of £ 191 million – in 2008 and while her company is now primarily based in the US, at the time the Oscar winner was married to Coldplay’s Chris Martin, so she exploited her multi-million dollar company from the UK.

Gwyneth launched Goop as a weekly newsletter with fans showing her lifestyle recommendations, including her favorite recipes, products, and health and fitness tips.

Losses: New Goop Inc Ltd's paperwork 'showed losses of £ 1.09 million' with Goop suffering in the aftermath of the pandemic

Losses: New Goop Inc Ltd’s paperwork ‘showed losses of £ 1.09 million’ with Goop suffering in the aftermath of the pandemic

Now shuttered: the A-lister opened Goop's London branch in Notting Hill in 2018, but the store closed in October

Now shuttered: the A-lister opened Goop’s London branch in Notting Hill in 2018, but the store closed in October

Goop opened its first permanent store in LA in 2018.

The news of the company’s losses follows reports that Goop is being sued for over $ 5 million in damages by a Texas man who claims the actress’s infamous $ 75 This Smells Like My Vagina candle just hours after he had lit it for the first time.

Colby Watson earlier in May filed a class action lawsuit against Gwyneth’s wellness-focused brand in California, alleging that his candle – which he bought from the Goop website in January – suddenly “ went up in high flames, ” before “ exploding. ” and left his. room ‘filled with smoke’.

In the legal documents seen by DailyMail.com, Mr. Watson adds that the nightstand on which he placed the candle had a ‘black burning ring’, while the jar itself is ‘now charred and black’.

Not good: News of the company's losses follows reports that Goop is being sued for over $ 5 million in damages from a Texas man

Not good: News of the company’s losses follows reports that Goop is being sued for over $ 5 million in damages from a Texas man

He insists that the candle was placed on a flat surface while burning and that there were “ no objects or loose materials above or near it. ”

Mr. Watson notes in his lawsuit that the candle comes with a warning that it should not be burned ‘for more than two hours at a time’ – and admits that it burned ‘an estimated three hours or less’ when it was supposedly ” exploded ‘.

However, the plaintiff and his legal team insist that this warning is not sufficient because it “does not address the known danger” of what happens to the candles if they are allowed to burn for extended periods of time.

Evidence: Colby Watson claims his candle (photo) - which he says he bought on the Goop website in January - 'went up in flames'

Evidence: Colby Watson claims his candle (photo) – which he says he bought on the Goop website in January – ‘went up in flames’

Popular: Gwyneth first released the tongue-in-cheek product in January 2020, and it caused a flood of excitement and bewilderment, which sold out within days

Popular: Gwyneth first released the tongue-in-cheek product in January 2020, and it caused a flood of excitement and bewilderment, which sold out within days

The Texas resident is seeking more than $ 5 million in damages as part of the class action lawsuit – which also calls on Goop to provide compensation to anyone who claims to have experienced a similar incident with their own candle.

Mr Watson’s lawsuit comes just four months after a London-based woman entered Goop claiming that her own vagina candle ‘exploded’ in her living room, causing an ‘inferno’.

Jody Thompson, 50, from Kilburn, spoke about the January accident, while also sharing an image of the charred candle remains.

“The candle exploded and emitted huge flames, with flying pieces all over the place,” she told The Sun at the time.

‘I’ve never seen anything like it. The whole thing was on fire and it was too hot to touch. There was hell in the room. ‘

‘We eventually got it under control and threw it out the front door.

‘It could have burned the place down. It was scary at the time, but funny looking back at Gwyneth’s vagina candle exploding in my living room. ‘

Recidivist?  In January, London-based woman Jody Thompson, 50, made similar claims about her own Goop candle, claiming it had caused an 'inferno' in her living room

Recidivist?  In January, London-based woman Jody Thompson, 50, made similar claims about her own Goop candle, claiming it had caused an 'inferno' in her living room

Recidivist? In January, London-based woman Jody Thompson, 50, made similar claims about her own Goop candle, claiming it had caused an ‘inferno’ in her living room

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