Files – Page 2 – Beautifaire

17 Apr

It’s official. After 10 days of speculation that David’s Bridal LLC, the one sizable U.S. bridal retail chain, was nearing bankruptcy, the corporate has done so in the U.S. Bankruptcy Court for the District of Latest Jersey. The 70-year-old business expects to file a recognition proceeding in Canada, as well, and one among its subsidiaries is planning to start out administration proceedings for its business within the U.K. With 300 stores – mostly within the U.S. — the news may concern hundreds of brides, bridesmaids and prom-goers with existing orders or plans for David’s Bridal purchases. The corporate said its stores will remain open, and it “intends to proceed operating within the strange course, including by fulfilling all customer orders without disruption or delay.” Nevertheless, staffing and customer support...

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19 Dec

Medly Files for Bankruptcy, Reports More Than $110 Million

by Beautifaire101

Beauty, Featured

Medly Files for Bankruptcy, Reports More Than 0 Million

Digital pharmacy start-up Medly Health Inc., which launched in 2017, has voluntarily filed for a Chapter 11 bankruptcy in Delaware, following two large layoffs in August. The corporate reported greater than $110 million in secured debt. The corporate gained popularity in the course of the COVID-19 pandemic as a substitute choice to pharmacies, offering free same-day prescription delivery, and was presupposed to be the fastest-growing digital pharmacy. The brand secured $100 million in Series B funding in July 2020 with plans to proceed scaling the business. In June 2021, Medly acquired Pharmaca, a primarily online wellness store that sells an array of brands like Jane Iredale, Juice Beauty, Vital Proteins and Olly. When this acquisition was revealed, it was said that Pharmaca had...

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25 Nov

Kristin Ess Files Lawsuit Against Maesa – WWD

by Beautifaire101

Beauty, Featured

Kristin Ess Files Lawsuit Against Maesa – WWD

Kristin Ess Celebrity hairstylist and social media influencer Kristin Ess is suing beauty brand incubator Maesa to reclaim her rights to her eponymous brand, and be free from “unreasonable restraints” on her business. Ess, the cofounder of educational site Thebeautydepartment.com who codeveloped the Kristin Ess Hair line in partnership with Maesa and launched exclusively in Goal in 2017, revealed the lawsuit in a series of Instagram posts. “I'm suing my partners for several reasons, but the first one being that I used to be misled during this partnership,” she wrote. “They sold themselves to me as a beauty brand incubator, touting their ability to launch, grow [and] eventually sell my brand to make sure its continued success. As an alternative of holding true...

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13 Oct

Revlon Files For Bankruptcy Protection – Essence

by Beauty Tips

Nails, Featured

Revlon Files For Bankruptcy Protection – Essence

Courtesy of Getty Images During the last decade, fashion and sweetness corporations have needed to adopt latest marketing strategies because the influencer industry continues to prove as probably the most lucrative ways to drive sales. The times of counting on a brand’s heritage are drifting and executives are forced to search out their way in today’s hyper-digital world. Celebrity placements are also not as impactful as they once were and identifying social media influencers with a loyal following has turn out to be more necessary than ever. Inside the last two years, Revlon announced Megan Thee Stallion because the brand’s newest ambassador, but even with Megan’s growing influence, Revlon’s celebrity ambassadors couldn't dig the cosmetic company out of its debt. Ronald Perelman,...

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