Uh-oh! It looks like Kylie Jenner is in trouble AGAIN!
Hmm... so essentially the gorgeous gal's palette is a better deal? You don't say!
On Wednesday, Iconix Brand announced they acquired the worldwide master license for all things Ed Hardy and now own 85% of the brand.
The company purchased the license from from Nervous Tattoo for a cool $55 million.
That's a lot of money!
[Image via FayesVision/WENN.]