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Kim Kardashian and her sisters are about to settle the dispute over their former make-up line
By
Dailymail.com Reporter
published:
5:47 pm EST, January 19, 2019
|
Update:
6:11 pm EST, January 19, 2019
The legal battle between Sister Kardashian and their former makeup company Kardashian Beauty is almost over.
Kim, Khloe and Kourtney completed the arbitration with Hillair Capital Management, according to court papers obtained by The Blast on Saturday.
The sisters of reality were initially sued in 2016 for breach of contract after allegedly failing to promote their collective makeup brand.
Undertaking an agreement: Kim, Kourtney and Khloe Kardashian (above Monday) are about to end their legal battle with Hillair Capital Management, an investor of their former Kardashian Beauty line
Hillair's complaint claimed that the family had failed to promote the Kardashian Beauty brand after the investment group invested $ 10 million in the company.
The Kardashians fought back, claiming that Hillair was the one who had violated the agreement.
In a court file filed in May 2016, the Kardashian team said:[Hillair] is likely to be held liable for hundreds of millions of dollars in damages to the Kardashians. & # 39;
Holding their share of the market! Hillair's complaint claimed that the family had failed to promote the Kardashian Beauty brand after the investment group invested $ 10 million in the company.
Red hot: Kim is the owner of KKW Beauty, which would have made a $ 100 million turnover since its inception, according to a report released in July by Forbes
Her own thing: Sister Khloe has just published a collaboration with Becca Cosmetics and her best friend Malika
Since then, the ladies have been behind a variety of their own cosmetic projects.
Kim owns KKW Beauty, which has reportedly made a $ 100 million turnover since its inception, according to a report released in July by Forbes.
And her sister Khloe has just published a collaboration with Becca Cosmetics and her best friend Malika.
Powerful player: Sister Kylie is a real force to be reckoned with, valued at $ 1 billion by Forbes last summer
But of course, it's the little sister Kylie who is the force with which one has to rely in the world of makeup.
The 21-year-old starlet won the title of Forbes' "youngest self-styled billionaire" after the resounding success of her cosmetics line.
Last July, the economic publication estimated Kylie Cosmetics at $ 800 million.
Cha Ching! The only business from mother to person would be worth $ 800 million
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