BH Cosmetics has reportedly filed for Chapter 11 Bankruptcy in the Bankruptcy Court for the District of Delaware, according to Lexology.
The company estimates $50 million to $100 million in both assets and liabilities.
Previously: Iggy Azaliea x BH Cosmetics
The debtors intend to pursue a sale of “a substantial portion” of the debtors’ assets to RBI Acquisition Holdings for $4.3 million.