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Bethenny Frankel's $8.1M Skinnygirl Accusation Wrong!

| Filed under: Business BlitzBethenny FrankelReal Housewives

Bethenny Frankel Skinnygirl Investigation 8.1 Million Forbes

Come to find out, the shocking accusation that Bethenny Frankel actually sold Skinnygirl for WAY less than reported was a bit off!

Apparently, if you read the 10-Q closely, the $8.1 report was only looking at value of goodwill attached to the brand.

Analyst R.J. Hottovy states:

The $8.1 million was just the amount of intangible assets purchased in the Skinnygirl transaction, essentially the amount Beam paid for the Skinnygirl brand rights—not the total purchase price.

So where is the actual purchase price? Nowhere to be found! The 10-Q is "very opaque," and with neither Bethenny nor buyer Beam disclosing, it's going to be hard to figure out.

Beam Spokeswoman Paula Erikson tells Forbes:

We will continue to disclose accounting data as required to be included in financial filings, but do not expect that a black-and-white lump sum purchase price figure will be made available. Suffice to say, this was not an $8.1 million acquisition.

And as for the Skinnygirl herself, she laughs the accusations off:

Come on. That it could be the fastest growing booze brand on the market and have sold for that little is just preposterous. I’m going to be paying a hell of a lot more than $8.1 million in taxes.

We guess the world will never know…

In other news, the drinks are still effin' delicious!

[Image via WENN.]

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11 comments to “Bethenny Frankel's $8.1M Skinnygirl Accusation Wrong!”

  1. 1

    She stole the idea from her mother for the low cal drink. Follow Bethenny the know it alls advice and look a good ten years older than you are.

  2. yeez says – reply to this


    So someone finally explained to Mario how to read business/legal language.

  3. 3

    Re: boston61 – oh. is there proof of that, or are you just taking the word of a woman who never mothered her own child? Even if you are correct, which you are not, the mother did not build the business.

  4. 4

    It is amazing that the schmucks at Huff Post could not read a business contract. more proof the world is run by the dumbest fucks in the room

  5. 5

    Re: boston61 – Kind of hard to steal something from someone you have not seen or been with since you were 12… And this entire thing was brought to light by some douche bag named Naught But Nice ROB.. He writes for Huffington Post. He got his ass handed to him from Arrianna Huffington cuz he was SO WRONG.. LOSER. WHO cares what she made. SHE NEVER ONCE came out and said how much she sold her line for. ITS NO ONES BIZ..

  6. 6

    Re: GaGaGoAwayAway – AMEN. It's that tool bag ROB who cant read. He should be fired.

  7. 7

    Re: boston61 – True. There are skinny girls and there are boney broads. Bethenny is just another boney broad trying to look young.

  8. 8

    Re: boston61 – Who cares…she was still smart enough to market it and make the brand what it is today….She is a millionare and we are not….Good for her.Re: rosebud99 – What a sexist thing to say…wow, here is a girl who is a success and smart and yet you just want to tear her down based on how she looks? Sad….who are you to feel like you need to judge her? She is a motivated business lady and that is more you can say about most of the men and women in this failing country.

  9. 9

    Drink and eat like Beth and you could look like her Yak yak yak

  10. 10

    This chick is a P.O.S. liar.
    Her stuff barely sells and they pay the local liquor stores near me to put it on the counter to try to sell it.

    The fact is the number of cases sold is not that much and based on her product's sales, then if she got $50 million plus, then Diddy's share of Ciroc would be worth billions and he is not.
    She is a liar.

    She is selling roughly $18 million worth of alcohol at the retail level a year so maybe the company is netting $3 million to $4 million. Who the hell is going to pay $50 million or more for a company doing those numbers? 2-3 times net profit is what a business generally sells for which would make the $8 million number right on track.

    You can write up a business contract any which way and weight goodwill accordingly and in the case of this product where it is heavily based on a celebrity, then goodwill would be the lions' share of the value of it. The total value of the deal was probably $12 million or less.

    She is a typical NY liar and grifter.

  11. 11

    Who stole the idea??? Do you believe for once that Bethenny's mother has the idea and her daugther stole it from her? Where was she when Bethenny needed her. B's mother never involved in her life since God knows when. She talked bad about her daughter, a real good mother won't do that. Up to this moment Bethenny didn't say about 120 mill deal. One thing for sure right now she made tons of money that's why she moved to a more than 4mill. which she bought that. So…..in other word she makes way more than 8.1 mill. She is a smart woman and her husband is a good business advisor to her, they won't spend more than 4 mill. condo if they only have around 8 mill. Think!!!! She is a good business woman, she is smart, funny, creative, working hard. She has the equipment to be a successful in business. She moved on and left behind her unpleasant past and part of it was created by her mother who talked too much.