Forma Brands ended its licensing agreement with Grande’s r.e.m. beauty after filing for bankruptcy earlier this month.
Neither Forma nor r.e.m. beauty immediately responded to a request for comment from. That’s how much the makeup retailer Ulta Beauty earned in the first quarter of 2022, according to the company. CEO Dave Kimbell noted the 21% increase in sales over the same period the previous year was fueled by r.e.m. beauty and other new celebrity-backed brands.before later agreeing to deals to sell at makeup retailers.
to court documents. Since filing for bankruptcy on January 12, the company has announced it has secured $33 million in new financing to support ongoing operations.Morphe Cosmetics announced on January 5 that it would be closing all of its stores in the U.S. after the brand’s sales dropped from $500 million in 2020 to $295 million in 2021,
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