While KKW Beauty and Kylie Cosmetics are owned and overseen by Kim Kardashian and Kylie Jenner respectively, Kardashian Beauty (which is now defunct) was a licensing deal with Hillair Capital Management. The investment company put up $10 million, with the arrangement hinging on the sisters' commitment to put their influence behind the products.
Three years ago, Hillair Capital Management sued Kourtney, Kim and Khloé Kardashian for breach of contract, alleging that the sisters failed to promote their makeup brand Haven Beauty.
The trio then countered with their own suit, saying that Haven Beauty stopped paying them despite still using the Kardashian name to promote the brand. At the time they asked for $200 million from the firm for allegedly using “false promises to take over management and control” of the company that markets their cosmetics. A federal judge granted the sisters an injunction, prohibiting the company from using the Kardashian trademark without paying them.
Now, nearly three years later, the ruling has come back in favour of the Kardashians. The settlement includes $7.4 million for the Kardashians, along with $3.2 million in interest.
The Kardashians’ attorneys have filed the arbitration decision in L.A Superior Court to get the $10 million award locked in, but they expect Hillair to challenge the decision in court.