Rose Inc and Stripes Sold at Auction

Rose Inc, the make-up line based in partnership with the mannequin Rosie Huntington-Whiteley was bought to Hong Kong-based asset administration agency AA Investments for $2.5 million on Dec. 13, in keeping with paperwork seen by The Enterprise of Magnificence.

On the identical day, Stripes, the menopause-focused skincare line created in partnership with the actress Naomi Watts, was bought for $500,000 to Sakana LLC, an organization that lists Watts as a managing member, the paperwork present.

After submitting for Chapter 11 chapter in August, Amyris started promoting off its client manufacturers individually in an public sale course of overseen by the chapter courtroom of Delaware. Its most profitable model, Biossance, sold for $20 million to British e-commerce firm THG on Nov. 30.

JVN Hair was purchased by the buyer funding agency Windsong International, which additionally bought child care line Pipette, on Dec. 13 for $1.25 million, whereas Francisco Costa and Larissa Thomson purchased again their respective manufacturers Costa Brazil and Onda Magnificence in October. MenoLabs and 4U By Tia have additionally discovered patrons.

A listening to on the sale of JVN Hair, Pipette, Rose Inc and Stripes is ready for Dec. 20 as debtors search remaining reliefs and assurances, together with requests for cost assurances for warehouse stock.

Be taught extra:

Amyris’ Bankruptcy Proceedings Show Significant Drop in Consumer Revenue

The biofuels-turned-beauty firm noticed client model web gross sales fall from $175.5 million in 2022 to $59 million as of June 2023.