Receivership Tag

PARIS — French eco-luxury beauty brand La Bouche Rouge has been placed in receivership. The Paris-based cosmetics label filed for court protection on July 25. In keeping with the receivership filing, administrative receiver firm BCM has been appointed as administrator, while Paris-based firm Asteren has been appointed to represent creditors. Representatives for La Bouche Rouge couldn't be immediately reached for comment. Under the procedure filed with the Tribunal de Commerce de Paris, the running of the business is just not impacted as the corporate seeks to implement payment plans to pay its debts, or the sale of its assets and activities. Best known for its luxury, plastic-free refillable lipsticks, La Bouche Rouge was founded in 2017 by Nicolas Gerlier, a L’Oréal veteran,...