Manscaped and Bright Lights Acquisition have announced that they are mutually terminating their business combination agreement, effective immediately.
Mike Mahan, CEO of Bright Lights, said, "Although we are disappointed that current market conditions have made it unworkable to complete the merger with Manscaped, we are huge fans of the company and wish Paul and the rest of the team continued success."
Paul Tran, CEO of Manscaped, said, "Since founding Manscaped, we have been intently focused on building a global, omnichannel lifestyle brand that provides men with premium self-grooming tools from head to toe. We are confident in our long-term growth strategy and are excited about the future for Manscaped. Mike and the Bright Lights team have been great partners throughout this process, and we wish them well moving forward.”
