On Friday, January 14, 2022, BH Cosmetics Holdings LLC, a beauty brand based in North Hollywood, California filed a petition for chapter 11 relief in the Bankruptcy Court for the District of Delaware (Lead Case No. 22-10050. BH Cosmetics specializes in clean, vegan, and cruelty-free cosmetics and beauty products sold via ecommerce channels and wholesale. The company estimates $50 million to $100 million in both assets and liabilities. As set forth in greater detail in the First Day Declaration, the debtors intend to pursue a sale of “a substantial portion” of the debtors’ assets (including certain unexpired contracts and a majority of inventory and intellectual property) to stalking horse purchaser RBI Acquisition Holdings LLC for $4.3 million.
Cole Schotz does not represent the Debtors in these cases. We are posting this for informational purposes only. If you have received a notice and have any questions, you should contact Debtors’ counsel.
Cole Schotz’s nationally renowned Bankruptcy & Corporate Restructuring group practices in Delaware, Maryland, New Jersey, New York, and Texas.