Gwyneth Paltrow’s lifestyle brand Goop facing financial woes with £1m debt

Gwyneth Paltrow's Goop facing £1m debt
Gwyneth Paltrow said her lifestyle brand Goop was ‘on the verge of a lot of changes’ (Picture: AP)

Goop, the lifestyle brand created by Gwyneth Paltrow, has debts of more than £1million, it has emerged.

The actress, 42, opted to file only an ‘abbreviated balance sheet’ for 2013 – but figures obtained by RadarOnline.com show its assets fell by more than £50,000, from £530,184 in 2012 to £476,410 the following year.

Meanwhile, there are debts of £1,016,496 to be paid in the coming year, compared with £722,111 in the 12 months before.

But Paltrow insisted: ‘We’re on the verge of a lot of changes at the website right now and we have some really exciting announcements coming up.’

The company has seen big staff changes, with ex-Martha Stewart Living executive Lisa Gersh as new CEO.

It’s been a turbulent year for Gwyneth all round, with the firm’s financial woes coming just months after her split from husband Chris Martin.

The pair announced in March that they were ‘consciously uncoupling’ after 10 years of marriage, adding: ‘We have been working hard for well over a year, some of it together, some of it separated, to see what might have been possible between us

‘We have come to the conclusion that while we love each other very much we will remain separate.’

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