Bethenny Frankel $100 Million - The Real Housewives of New York star is being sued by her ex-managers for $100 million. Apparently, they helped broker Frankel a lucrative Skinnygirl cocktrail brand and were cut out of the rich deal that followed. Raw co-president Doug Wald alleges that he met with Bethenny in May 2008 when the two had an oral agreement.
Prior to the Bethenny Frankel $100 Million lawsuit, she signed with APA, a firm that specializes in repping reality stars. According to the complaint, she signed with APA on August 7, 2021 and also agreed orally that day to retain Wald as her personal manager and pay Raw 10 percent of her earnings (she allegedly confirmed the relationship in an email sent the next day).
Wald says Frankel specifically sought out his advice because she thought the Skinnygirl cocktail was underexploited and he could help her make some money from it.
“She expressly represented that any agreement relating to the exploitation of the Skinnygirl Cocktail Brand would be commissionable under their management agreement,” the complaint says.
Wald says he then helped Frankel hook up with liquor industry veteran David Kanbar, who put together a business plan for a company that would buy the brand, use Frankel’s celebrity to help market it, and sell it in two years for a hefty profit.
But Raw Talent says Frankel fired Wald in November 2008, days before signing her deal to develop and market Skinnygirl.
The brand has become a huge success. Seventeen months after Frankel and Kanbar went into business together, they sold the company in March in a $120 million deal.
It will be interesting to see how this case unfolds. Raw Talent now says it owed 10 percent of that deal, which is about $12 million. Plus the company wants $100 million in punitive damages.
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