Women's Wear Daily is reporting (subscription required) that Stila Cosmetics, which has been struggling in recent weeks, has been acquired by a private equity concern. Stila, which was owned by Estee Lauder until 2006, temporarily closed its website (and perhaps the entire company) in late March. The sale of Stila would presumably allow the brand to continue operations and pursue new initiatives.
cosmetics and beauty: April 2009 Archives
Youth cosmetics manufacturer Jane & Company filed for Chapter 11 bankruptcy due to poor liquidity. Jane reportedly has $25 million in annual sales from items like its "Makeover in a Box." The company, which sells its products at mass-market level, is restructuring its debt and plans to continue operations while seeking a buyer for the business.
