Struggling indie brand Stila Cosmetics has found a last-minute savior: venture capital firm Patriarch Partners LLC. The deal is expected to be finalized on Monday.
According to several sources, it’s been a rocky several weeks for the brand, which is said to have furloughed its entire workforce the last week in March due to the company’s inability to make payroll. Former owner Sun Capital Partners, which had acquired the brand from the Estee Lauder Cos., is said to have pulled the plug on the company’s financing at that time. The deal was confirmed late Sunday afternoon by Stila ceo Deanna Kangas and Patriarch Partners spokesperson Taylor Griffin. — WWD
Mario Badescu Herbal Hydrating Serum ($30.00) is my go-to for ultra hydrating spot treatment. Sometimes when I use acne treatment products, my skin dries out in certain spots, so to counteract the drying factor of many acne treatments, I always have this at the ready. I use it in conjunction with my usual moisturizer for an extra boost of hydration. I really feel like it “locks” in the moisture. According to Mario Badescu, the Hydrating Serum is good for all skin types, and it can be used as a lightweight hydrator for oily skin as well. A little goes a long way, so for me, the price tag is well worth it!
We’re giving away one (1) MAC Stop! Look! Dazzleglass from the limited edition MAC Double Dazzle Collection. Submit your entry by leaving a comment in this post and telling us why you want to win. Winner will be chosen randomly and notified via e-mail. This post will be updated with “winner chosen” when one has been chosen.
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