Amyris, a onetime biotech darling that sought to alter the wonder industry with progressive and sustainable ingredients and later moved into the celebrity brand world, has filed for Chapter 11 bankruptcy in a Delaware Court and is seeking to off-load its consumer arm.
The announcement comes just a couple of days after it shuttered three brands — Costa Brazil with former Calvin Klein designer Francisco Costa, Onda Beauty cofounded by Naomi Watts and Purecane — and terminated 260 positions, a rep confirmed.
“Over the past months, now we have been hard at work on a strategic transformation plan to cut back costs, improve operational effectiveness, and achieve sustainable growth,” Han Kieftenbeld, interim chief executive officer and chief financial officer of Amyris, said...
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