Award-winning cosmetics brand files for Chapter 11 bankruptcy
The award-winning beauty products company filed for Chapter 11 bankruptcy to reorganize its business.
The retail sector has faced a combination of ailments that have forced businesses into out-of-court financial restructurings, reorganizations through bankruptcy filings, and sometimes the closing of operations.
Retailers have faced rising costs from inflation, increased interest rates, consumers' changing attitudes toward discretionary spending, and fierce competition from rival companies.
