BH Cosmetics
Sector: Beauty
In January 2022, Los Angeles-based BH Cosmetics filed for Chapter 11 bankruptcy. The direct-to-consumer brand admitted in court papers it faced “increased competition” in the beauty category, rising material costs, and supply chain disruptions, amongst other challenges, according to a report by WWD. Launched in 2009, the company produced vegan and cruelty-free cosmetics and cemented several celebrity collaborations, including with Doja Cat and Iggy Azalea. The company also had large creditors based in China that were owed over $5.9 million. In February 2022, BH Cosmetics was bought out of bankruptcy by U.K.-based Revolution Beauty Group, which acquired certain BH intellectual property assets and inventory for $3.9 million, consolidating the retailer into the group’s operations
Missguided
Sector: Apparel
This story is from the June 2023 edition of Forbes Middle East - English.
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This story is from the June 2023 edition of Forbes Middle East - English.
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