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Briefing
e-commerce

General Atlantic-Owned Beauty Company Files For Bankruptcy

By
Ann Gehan
· · Source: The Information

Forma Brands, the parent company of influencer-hyped beauty brands including Morphe and Lipstick Queen, filed for Chapter 11 bankruptcy Thursday. The company said it had agreed to be sold to a group of its lenders, including Jeffries and Cerberus. The filing is the latest sign of trouble for the once red-hot company. Forma announced on Jan. 5 that it would close its Morphe stores in the U.S....

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