Morris Nichols Bankruptcy Alert - Beauty Brands, LLC and Certain of Its Affiliates File Chapter 11 Bankruptcy Cases in Delaware
On January 6, 2019, Beauty Brands, LLC and certain of its affiliates filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. As a courtesy to our clients and friends, the Morris Nichols Business Reorganization & Restructuring Group has summarized information related to the filings below.
Lead Case No. – 19-10031.
Debtor(s) – Beauty Brands, LLC; Beauty Brands Payroll Holdings, Inc.; and Beauty Brands Payroll, LLC.
Description of Debtor(s) – Specialty beauty and stores that provide salon and spa services and retail third-party branded beauty products.
Website of Debtor(s) (URL) – www.beautybrands.com.
Assigned Judge – The Honorable Christopher S. Sontchi.
Proposed Counsel – The Debtors' proposed bankruptcy counsel is Ashby & Geddes, P.A.
Proposed Investment Banker – Lazard Middle Market, LLC.
Proposed CRO – Timothy Boates and RAS Management Advisors, LLC.
Plan Status – No plan filed with petitions.
First Day Hearing – A first day hearing has been scheduled for January 8, 2019 at 2:00 p.m. ET.
Bankruptcy Documents –
- Lead Case Petition
- First Day Affidavit / Declaration
- First Day Hearing Agenda
- Motion For Sale of Property
- Declaration In Support of Sale Motion
Please do not hesitate to contact any member of the Morris Nichols Business Reorganization & Restructuring Group if we can be of assistance.