Kim Kardashian West revealed in a recent court filing how much it costs to make a deal with the reality star and entrepreneur — and it is far from cheap.
In February, Kardashian West and her corporation, Kimsaprincess Inc., filed a lawsuit against Missguided in the US District Court for the Central District of California, accusing the fast-fashion brand of “unlawful misappropriation” of Kardashian West’s image and persona.
Missguided is known for creating inexpensive replicas of celebrities’ outfits. The company had featured photographs of Kardashian West on social media and its website, in one case posting images of Kardashian West in a golden outfit next to a newly designed, extremely similar golden outfit for sale on Missguided’s website.
Kim Kardashian West’s photo, left, was posted to Instagram just a few hours before Missguided’s now-deleted knockoff, right.
Missguided / Kim Kardashian West / Instagram
Kardashian West argues in the court filing that Missguided’s unauthorized use of her trademarked name and likeness is illegal, as the reality television star would typically be paid hundreds of thousands of dollars for such a deal. In an affidavit filed earlier in May, Kardashian West broke down exactly how much she is typically paid for endorsements.
Kardashian West says she commonly receives $300,000 to $500,000 for “just a single Instagram post endorsing another company’s product that I like.”
For longer-term arrangements, Kardashian West says she typically pursues multimillion-dollar deals, often seeking equity in the licensee. Todd Wilson, who serves as counsel for Kardashian West and Kimsaprincess, said in an affidavit that she has entered into such deals “numerous” times.
Wilson said that a licensing deal he recently negotiated on behalf of Kardashian West with a wearable-consumer-goods company provides a proper benchmark for the value of such a deal.
“Under this license, the company is entitled to use Kim’s name and likeness to advertise and sell its products,” Wilson said. “Kim has some minimal promotional obligations.”
“In consideration, this consumer goods company has agreed to pay cash compensation exceeding $6 million annually, plus a grant of substantial equity in the company,” Wilson continued.
In the case of Missguided, both Kardashian West and Wilson said in the court filing that the star would have demanded a deal with a minimum guarantee of $5 million.
Kardashian West is seeking $10 million in damages in the lawsuit against Missguided. Representatives for Kardashian West and Missguided did not immediately return Business Insider’s request for comment on this story.
“Missguided shoppers know the score — We’re about the look, without the celeb bucks,” Missguided said in a statement to Business Insider in February. “For the record, as much as we love her style, we’re not working with Kim on anything.”
In the affidavit, Kardashian West claims that Missguided’s use of her image makes it appear as if she endorses products she does not, which confuses fans and could discourage companies seeking to pen deals with the celebrity. According to Kardashian West, she frequently turns down potential deals and typically insists upon approving products that are promoted using her name and image.
“Because a significant portion of my business involves the licensing of my name, trademarks, and images, I work very hard to ensure that my brand means something to my fans and to the public, who view the use of my name as the stamp of approval by me,” Kardashian West states.
Source: Business Insider
Caroline Esinam Adzogble Appointed Ambassador Of GOA Institute Of Management To Africa.
Study abroad programs have long been focused in Europe & the USA, leaving out great opportunities on other continents, especially Asia and more precisely the country of India. In a move to change this narrative; The GOA institute of management have appointed Caroline Esinam Adzogble as African ambassador; a role that will see her champion study opportunities at the GOA institué of management, to students all across Africa.
Caroline Esinam Adzogble; a seasoned Educational consultant and a champion for better educational opportunities across Africa, adds this to her many achievements in the sector of education across the continent.
The role she says will come with scholarship opportunities for potential post graduate students across Africa; A chance to further your education in a university that gives you first hand opportunities to work and study at the same time.
After 5 years of running educational consultancy services under her firm ‘IAES’ in Ghana, Caroline makes this new move under the International University Services; an educational firm based in Europe.
The GOA institute of management; is a top ranking postgraduate university in the GOA province of India. Interested students can email [email protected] or visit the IUS website www.theiuservices.com for more information about it’s partnerships with global universities.
Mike Tyson’s 420-Acre Weed Ranch Rakes In $500K A Month.
Mike Tyson is building a cannabis empire and soaking up ever blissful moment of it, literally. The weedtrepreneur recently revealed on his star-studded podcast that he and his crew basically smoke 10 tons of weed every single month at his marijuana resort, Tyson Ranch.
ICYMI: 52-year-old Mike Tyson is living a retired man’s dream! After putting up his boxing gloves, Mike made a swift career change, buying 420-acres of land in California City to run a company called The Ranch Companies, which specializes in all things weed.
According to GQ, Tyson and his company are working on breaking ground on Tyson Ranch. The ranch will serve as a luxury weed resort and “there are plans for a luxury hotel and retail stores and facilities for glamping, an amphitheater for concerts, and Tyson University, where experts will teach cannabis-cultivation techniques to future farmers.
"The proposed plans for Tyson Ranch, Mike Tyson's luxury weed resort.
On his most recent episode of his podcast, Hotboxin' with Mike Tyson, Mike and his co-host, Eben Britton, sat down with Jim Jones to talk about both Mike and Jim’s booming weed businesses. When Mike asked his co-host how much weed he thinks they smoke at their ranch, Eben said, “We smoke 10 tons of weed at the ranch every month,” in which Mike responded, “That’s like $40K.” We were just as surprised as Jim Jones to hear that lofty number!
The former rapper also revealed in the video that he once spent $7 million on a diamond chain! If you were wondering how much dough Mike is raking in from his weed business, he's approximately selling $500,000 worth of cannabis products every month. So it makes sense that they can smoke that much weed and lofty jewelry.
The former fighter went on to dish about his budding weed resort, saying, “We gon’ make this like an oasis in the desert, man.” While you wait in anticipation for Mike Tyson to break ground on his stoner paradise, check out his website here!
“Menzgold To Possibly Rebound Soon. – Nana Appiah Mensah
Chief Executive Officer (CEO) of Menzgold Ghana Limited, Nana Appiah Mensah popularly known as NAM 1 has stated that, he will dissertate on the recent developments and state of affairs of the gold dealership entity and his subsidiary companies to the Ghanaian traditional mass communication (broadcasting, publishing, and the Internet) media regarded collectively.
With the location yet to be made known to public, the event is scheduled for Monday, 19th August, 2019 and and has the objective of providing final practical resolutions to all pending teasing, indistinct matters that impeded and retarded the progress of the firm, assuring that, the action of solving the contentious Menzgold fracas will result to a highly possible rebound soon of the gold dealership firm.
He made this statement, Wednesday, 14th August, 2019 via his twitter handle.
Nana Appiah Mensah, was sued for defrauding by false pretences, money laundering, abetment and carrying on deposit-taking business without licence contrary to Section 6 (1) of the Banks and Specialised Deposit-taking Institutions Act. He was accused for illegally obtaining an estimated GHS1.68 billion from his customers.
According to the charge sheet, the money was from 16,000 people who invested a total of GHc1,680,920,000 in the company. The sheet indicated that Mr Appiah Mensah’s two companies — Brew Marketing Consult and Menzgold Ghana Limited; represented by him, have also been charged with defrauding by false pretence.
He arrived in Ghana on July 11, 2019, where he was picked up by security operatives at the Kotoka International Airport and sent to the Criminal Investigations Department (CID) of the Ghana Police Service for interrogation after spending several months in Dubai in another legal battle.
Nana Appiah Mensah was released from police custody on August 5 after he met the reviewed bail conditions. He secured his freedom on bail after his lawyers managed to meet the bail conditions set by an Accra circuit court. The court had initially set bail at ¢1 billion with five sureties.
Abeiku Santana’s Kaya Tours Ghana Ltd Announces Kaya Courier Services.
Looking to make it even easier to enjoy the best door to door delivery service?
The multiple award winning and innovative travel and tour agency Kaya Tours Ghana Limited has announced “Kaya Courier Services” to the general public and their customers for a new addition to their services and business portfolio.
The Managing Director of Kaya Tours Ghana Limited Dr. Gilbert Abeiku Aggrey Santana made this announcement on Friday August 9, 2019.
According to him, Kaya Courier Services is ready to offer a fast and reliable service delivery with focus on results and customer satisfaction. Aimed to be one of the most efficient and reliable courier service provider in Ghana and beyond.
Kaya Courier Services is ready to serve you better.Don’t stress up! Kaya Courier Services got you, simply call *9966 or 0302794442 / 0246726626. WhatsApp them on 0549187616
(Source: Beenie Words)