As the COVID-19 pandemic hit in early 2019, businesses were mostly affected by the coronavirus epidemic. While some businesses survived, others succumbed to it. Gwyneth Paltrow’s U.K.-based GOOP shop is one of them.
Essentially, the West London-based wellness shop that sells perfumes was closed during the COVID-19 pandemic. As the aftermath of the coronavirus pandemic still pertains in most parts of the world, Gwyneth Paltrow has considered shutting the GOOP shop a good option.
The decision comes after the Hollywood hall of fame lost at least $1.7 million in sales since the inception of COVID.
Nevertheless, it is essential to note here that Gwyneth Paltrow founded this wellness brand in 2008. By then, she was married to Chris Martin – now 45. The couple had one son and they called it quits later in 2014.
Although the couple parted ways, the business sustained itself. Currently, the wellness business is operational in Canada, France, and the United States. According to the latest updates, the total revenue of GOOP is over $230 million.
Hollywood Star Gwyneth Paltrow Talks About the Closure of her GOOP Shop
In a recent interview with The Sun, the 51-year-old owner of the GOOP shop has decided to close the U.K.-based shop for good. The Hollywood star highlighted that her business in the United Kingdom was the worst hit by the pandemic. And she has decided to close it up “for good.”
Furthermore, Gwyneth Paltrow hinted that closing her U.K. GOOP shop was the “only available option.” She highlighted that the U.K.-based shop lost a staggering amount of $1.7 million in sales since the outbreak of the coronavirus.
Gwyneth Paltrow also commented on the foundation of the business back in 2008. Things were very different back then, the Hollywood star recalls as she sheds light on her marital life with Chris Martin.
Gwyneth Paltrow also reveals that the foundation of her GOOP business was based on a joke. The first body spray that they came up with was “laughed at” by her colleagues back in 2008.
GOOP Business Thrives Despite the Founders Parting Ways!
But thanks to her strategies, the business thrived going against all odds. But now, the star has decided that she is better off without the U.K.-based GOOP shop. As the shop continues to bring a staggering amount of loss, closing the shop is the only available option for Gwyneth Paltrow.
Thus, it is essential to note here that the 51 years old Hollywood actress is not closing her entire GOOP business. The business is still operational in France, Canada, and the United States. And the total revenue of the company is over $230 million.
Thus, this is to say that the wellness company is still popular in most parts of the world. The perfumes of GOOP are top-nocth. And the company continues to secure a staggering amount of revenue every year. The star is only closing her Notting Hill, West London-based GOOP shop.
The post Gwyneth Paltrow Closes Her U.K.-Based GOOP Shop After Losing $1.7 Million In Sales appeared first on Life Indigo.