After months of struggling, House of Taylor Jewelry (HOTJ) revealed today that Elizabeth Taylor and Kathy Ireland have terminated their license agreements with the embattled company. HOTJ said in the SEC filing that it is “unlikely” it will be able to remain in business. In the filing, HOTJ said it received notice last Thursday from Interplanet Productions Ltd, Taylor’s branded jewelry the marketing firm, that it is terminating the exclusive worldwide license agreement to use her name or market and manufacture under her name.

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