Reese Witherspoon is in hot water over her business again!
The Draper James founder, who caught flack earlier this year for running a teacher giveaway with some pretty tough odds, was just outed for having received a PPP loan meant for small business relief amid the coronavirus outbreak! Yikes.
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The "Little Fires Everywhere" star's women's lifestyle brand joins the ranks of Kanye West's as one of the celebrity brands that received the government funds.
The Paycheck Protection Program (PPP) was passed by Congress with the aims of helping small businesses and companies in troubled industries across the U.S. We're not exactly sure they intended for billionaire celebrities to benefit.
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According to the U.S. Small Business Administration, Reese's Draper James brand received $350,000 to $1 million in federal loans.
But she's not alone--Kanye West's Yeezy received between $2 million and $5 million, Khloe Kardashian's Good American denim brand received $1-$2 million, Jay-Z's Malibu Entertainment (Tidal) got $2-$5 million. Wow!
So--what do you think: should celebrity-owned brands have received these funds to keep paying their employees?
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