Jane Cosmetics (Jane & Co.) filed for Chapter 11 bankruptcy yesterday. The official documents listed cash liquidity issues as the main reason for the filing. The slow economy has resulted in low sales (and cash liquidity problems) for many beauty and cosmetics businesses recently.
The company says they plan to reorganize and come out of bankruptcy after renegotiating some of their contracts and making other changes. However, at this point, it would be difficult to know 100% for sure whether the company will definitely continue their cosmetics line. If you love Jane makeup products, now is the time to stock up!
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