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The sweetness business has confronted financial challenges and monetary misery during the last 5 years for the reason that Covid-19 pandemic quickly derailed most retail industries.
Firms have handled rising labor and product prices exacerbated by inflation, elevated rates of interest, cautious shoppers who’re watching their budgets in unsure financial instances, and fierce competitors.
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Among the largest names within the magnificence enterprise suffered from the Covid-19 fallout and filed for chapter safety, together with Revlon, which filed for Chapter 11 chapter in June 2022, and Avon, which filed for Chapter 11 chapter in August 2024.
Related: Popular local Dairy Queen rival files for Chapter 11 bankruptcy
Magnificence know-how firm Cutera filed for a prepackaged Chapter 11 chapter on March 5, 2025, to scale back its debt by $400 million, and award-winning cosmetics firm SBLA Magnificence filed for Chapter 11 safety on March 11, 2025, to reorganize its enterprise and restructure its debt.
Additionally, telehealth firm Hims & Hers Well being shut down its pimples therapy dermatology enterprise, Apostrophe, additionally on March 7, 2025, after shopping for the San Francisco-based firm 4 years in the past for about $190 million.Â
The corporate, nonetheless, didn’t file for chapter safety.
Magnificence manufacturers shut down operations
Hims & Hers transitioned away from the Apostrophe model and inspired sufferers to strive its model’s therapy choices, the corporate revealed on its web site.
One other skincare model Futurewise Inc. revealed that it discontinued orders on its web site starting March 24, 2025.
“Goodbye for now,” the skincare model wrote on its web site. “After quite a lot of thought, we’ve made the onerous resolution to sundown Futurewise.
Futurewise, which provided its skincare merchandise Slug Enhance, Slug Cream, Slug Balm, and Face Soften, for its “slugging” apply of skincare, additionally didn’t file for chapter.
Along with skincare merchandise, spa providers for weight reduction, non-surgical physique enhancements, slimming, and firming are additionally a serious a part of the wonder business.
One magnificence service chain in Tuscaloosa, Ala., confronted extreme monetary points, filed for chapter, and closed its enterprise.Â
Medical spa Physique Oasis filed for chapter on Nov. 6, 2024, and shut down all of its operations, reportedly leaving clients in limbo, ABC-33/40 Information reported.
Picture supply: Getty/TheStreet
Contour Spa recordsdata for chapter safety
Lastly, nationwide spa providers chain Contour Spa LLC filed for Chapter 11 chapter safety to reorganize its enterprise, dealing with important debt obligations.
Related: Huge auto parts company files for Chapter 11 bankruptcy
The Orlando, Fla.-based firm filed its petition within the U.S. Chapter Courtroom for the Center District of Florida on June 11, whereas not less than 23 associates filed their petitions the next day.
Extra chapter:
- Iconic auto repair chain franchise files Chapter 11 bankruptcy
- Popular beer brand closes down and files Chapter 7 bankruptcy
- Popular vodka and gin brand files for Chapter 11 bankruptcy
The debtor listed $500,000 to $1 million in property and $1 million to $10 million in liabilities in its petition, together with over $562,000 owed to Lanco Equities, over $344.000 owed to Kash Advance LLC, over $339,000 owed to Formentera Capital Group, over $377,000 owed to Liberta Funding LLC, and over $239,000 owed to American Categorical.
The corporate has licensed CEO Roger A. Farwell to hunt approval of a debtor-in-possession financing settlement, in line with RK Consultants.
Contour Spa affords its Cryo Slimming periods utilizing its slimming and firming protocols designed to scale back cellulite, tighten pores and skin, obtain everlasting fats loss, and reduce stretch marks.Â
The spa service additionally affords its Cryo Facials, which might be obtained without cost via its $99 introductory supply, in line with its web site.
Related: Major trucking company files Chapter 11 bankruptcy