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The online bulk retailer, Boxed.com that had once experienced significant growth during the Covid-19 pandemic, filed for Chapter 11 bankruptcy on April 2, 2023. The company, which was founded in 2013, went public in 2021 after merging with special-purpose acquisition…
Often referred to as “reorganization” bankruptcy, Chapter 11 bankruptcy is a legal process that allows businesses and individuals with large amounts of debt to reorganize their financial affairs. This chapter of the Bankruptcy Code is typically used by corporations, partnerships,…
The beauty industry has proven to be resilient in the face of economic challenges 2023, as evidenced by the lipstick index. Data shows that the beauty industry is holding its own despite inflation. ‘The lipstick index’, a term coined by…
Express Inc., a well-known fashion retailer, faces delisting from the New York Stock Exchange (NYSE) due to its inability to meet the required trading criteria. The NYSE had notified Express in September that it had breached compliance with its continued…
Former Bed Bath & Beyond CEO Mark Tritton has filed a lawsuit against the company, accusing it of failing to honor his $6.765 million severance agreement. Tritton was ousted as CEO in June, following missed earnings and the company’s decision…
Bath & Body Works, a renowned brand in the personal care and home fragrance industry, has recently launched an entirely new product line called Moxy. This innovative collection focuses on skincare, haircare, and wellness products, marking a significant expansion for…
Neiman Marcus Group, a leading luxury fashion retailer, has announced its commitment to a fur-free future by 2023. In June 2022, the company adopted a new Animal Welfare Policy and pledged to eliminate fur products from its assortments, including Neiman…
Lululemon Athletica, a leading athletic apparel company, has continued to dominate the market with its impressive performance in 2022. The company’s revenue for the fiscal year ended January 29, 2023, exceeded expectations, reaching $8.1 billion. This represents a 30% increase…
Morphe, a Los Angeles-based cosmetics and beauty manufacturer founded in 2008, faced bankruptcy due to liquidity and operational issues resulting from the COVID-19 pandemic, changes in consumer beauty habits, and the termination of partnerships with certain influencers. Forma Brands, Morphe‘s…
Walmart’s 2023 beauty accelerator application announcement is retained as historical coverage. Check Walmart for current programs and deadlines.