SBLA Beauty files for Chapter 11 bankruptcy
SBLA Beauty has filed for bankruptcy in the Southern District of Florida. The Chapter 11 application lists liabilities to the tune of between US$1 million and US$10 million. It is not known whether the proceedings will affect production or sales. The post SBLA Beauty files for Chapter 11 bankruptcy appeared first on Global Cosmetics News.
THE WHAT? SBLA Beauty has filed for bankruptcy in the Southern District of Florida. The Chapter 11 application lists liabilities to the tune of between US$1 million and US$10 million. It is not known whether the proceedings will affect production or sales.
THE DETAILS According to a report published by the Daily Mail, the skin care brand is sold via Amazon as well as direct to consumer via the brand’s own e-commerce site.
THE WHY? SBLA Beauty did not elaborate on the reason behind its financial difficulties but it is not alone – Avon Products filed for Chapter 11 last year while Revlon has recently emerged from bankruptcy protection.
The post SBLA Beauty files for Chapter 11 bankruptcy appeared first on Global Cosmetics News.
