Parent – Page 2 – Beautifaire

9 Nov

When Waldencast went public in 2021, its founders shrugged off mounting fears that a recession was on the horizon, stressing that they were confident that the corporate would turn into a world best-in-class beauty and wellness player. What they perhaps didn’t bear in mind was how much of a stickler Nasdaq execs are about filing company reports on time. Earlier this week, Waldencast, which has just two brands on its roster — Milk Makeup and Obagi Skincare — revealed that it was at risk of being delisted from the Nasdaq, after joining in summer 2022 through a special purpose acquisition company (also known as a SPAC). The corporate received a written notice from Nasdaq indicating that it was subject to delisting resulting from...

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16 Oct

Moschino Parent Aeffe Shares Edge Up Following Appointment of

by Beautifaire101

Beauty, Featured

MILAN – Shares of Moschino parent company Aeffe rose 2.26 percent to 81 cents in early trading in Milan following the news that Davide Renne had been named creative director of the Italian brand. Hailing from Gucci, Renne will start at Moschino on Nov. 1, and his first collection will debut for fall 2024 in February during Milan Fashion Week. He succeeds Jeremy Scott, who exited the brand last March after a 10-year tenure. Massimo Ferretti, executive chairman of Aeffe, told WWD exclusively that, following the collaboration with Scott, “who greatly contributed to the expansion of the brand,” the corporate “immediately began a research process that was prompted by a desire to reflect on the longer term of Moschino and what we'd...

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17 Aug

TrèStique Parent Company Files Bankruptcy Amid Founder Dispute –

by Beautifaire101

Beauty, Featured

Tomia Beauty, the corporate behind color cosmetics brand TrèStique, has filed for Chapter 11 bankruptcy in a Latest Jersey court amid a dispute between the founders. The sweetness brand was founded by Intercos veterans Jennifer Kapahi and Jack Bensason in 2015 with the slogan “Face in a Case,” and relaunched in 2021 with latest products, updated formulas and zero-waste packaging. But court documents filed as a part of the bankruptcy case revealed infighting over control of TrèStique. In court papers, Tomia, an organization affiliated with Kapahi, alleged that Bensason teamed with an outdoor investor, Asuf Landau, and formed a latest company that also called itself Trestique. The court filings pointed to public records showing that a Delaware corporation, Lucky Color Inc., was formed...

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6 Apr

Zara Parent Company Sells Russian Stores

by Beauty Tips

Fashion, Featured

PARIS — The Russian government has approved Zara parent company Inditex’s bid to sell its business to UAE-based Daher Group. Inditex shuttered its 514 stores within the country in February 2022, following the Russian invasion of Ukraine. The corporate announced its intent to transfer 245 stores to Daher Group last October, pending the approval of the country’s commission on foreign investments. Businesses from Western countries Russia deems “unfriendly” must receive the approval of the commission to sell their operations there. Daher created Fashion and More Management DMCC was created for the transaction. UAE is deemed a “friendly country,” which was key to the deal. The deal was approved by the commission March 30, and announced Wednesday by Russia’s deputy minister of industry and...

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