Photo: Getty Images / Alberto E. Rodriguez
Bruce Willis is set to lose millions from an endorsement deal with Sobieski vodka. After a stock decline, the struggling French liquor company Belvedere SA – not to be confused with the vodka company – can’t afford a previously negotiated payout of $26.1 million to the “Looper” actor, according to The Wall Street Journal.
The actor became the face of Sobieski vodka when back in 2009.
In return for a four-year contract, the actor received a 2.6 per cent stake in the company.
The company promised to give Willis the $26.1 million if stocks fell below an undisclosed amount.
Now, with the company’s debt totaling near $977 million, it won’t be able to pay the actor in full.
Rather, Willis will most likely receive a third of that number, according to the Journal, as creditors are expected to take control of the company to restructure the company’s debt.
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