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6 Jan

Morphe Confirms U.S. Store Closures – WWD

Morphe Confirms U.S. Store Closures – WWD
After several TikTok users posted that Morphe stores were shuttering, the makeup brand has confirmed that its retail stores across the U.S. can be closing their doors. “We've got made the difficult decision to shut all Morphe stores within the U.S. We're without end grateful to our store teams for his or her passion, talent and dedication over time,” the brand posted on Twitter. Morphe noted that customers can proceed to buy the brand online and at select retailers, while its stores outside the U.S. will remain open. Some user accounts on TikTok claimed they’ve been given a day’s notice about their store’s closing. The testimonials began around late December with discussions of steep discounting on products and no shipments for inventory. In...
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14 Oct

Morphe Owner Forma Brands Said Considering Options, Including Bankruptcy

Morphe Owner Forma Brands Said Considering Options, Including Bankruptcy
Forma Brands, the parent company of Morphe, Lipstick Queen and Jaclyn Hill’s Jaclyn Cosmetics, is considering filing for Chapter 11 bankruptcy, sources confirmed. People acquainted with the method told WWD that such a move is into account, but stressed that nothing is for certain and that other options are on the table, including out of court agreements with creditors.  A spokesperson for Forma said: “Forma Brands is engaged in constructive discussions with our financial stakeholders regarding ways to strengthen the corporate financially and enable us to bolster our deal with the opportunities we see ahead for our brands. We're excited concerning the products we are going to proceed to bring to our customers.” Majority owner, private equity firm General Atlantic, declined to comment. The...
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