Sunday, April 19th, 2009

Looks like Stila Cosmetics just might have lucked out. Stila CEO Deanna Kangas confirmed a deal with Patriach Partners (venture capital firm)…

According to WWD

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

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23 thoughts on “Stila Cosmetics Still Alive?

  1. Oh I HOPE SO!
    Hope nothing goes wrong…
    though it has been confirmed…
    you never know :T
    Thanks for the update on Stila!

  2. kat

    I am a fan of stila….. glad to hear this! But you can only buy it at one place in my city and they mark their prices up yikes!

  3. freewing

    WOW~Stila is such a lovely brand,hope everything goes well for it…

  4. I love Stila! I hope everything works out for the co.

  5. EJ

    are you kidding? Stila is NOT an Indie brand! it’s one of the Estee Lauder’s, and last time when there was a documentary about the “Lauders,” the 3rd generation Lauder (aka Evelyn Lauder’s daughter) was WORKING @ Stila. please – i’m thinking Estee’s cutting the loss..

    that said, Stila does make cute stuff. I’ve always wondered what’s making it such a weak brand…got no appeal strong enough for us to run over to the counter & buy! :(

  6. not surprised. Stila’s out in Malaysia and all things are on big sale but I didn’t buy a thing. Nothing’s up to my fancy.

  7. DJ

    I am always suspect when the brand’s creator disappears. Lobell has not been involved for so long–the brand lost it’s focus when she left.

  8. cloudburst

    I didn’t know Stila was in trouble & I also didn’t know Lobell left…although I did think it was strange how many sales they were having. I hope the brand sticks around & maintains its focus.

  9. Tatiana

    I had no idea Stila was in trouble either. I love Stila!

  10. carriespooner

    I think Stila is just ok. I am glad that they found a backer though because people need good news in this economy. That means, hopefully, those laid off will get to go back to work.

    However.. I’d love to see them raise the bar. They have saturated the line with Kitten and how many Kitten items does there need to be?

  11. I hope Stila doesn’t go out of business. I love that brand too much!!!

  12. jenny

    I do hope Stila makes it through this rough economical period. I really like their smudge pots, but I hate all of their packaging. I like packaging that’s sleek and uniformed. It’s one of the reasons why I’ve only tried the smudge pots and nothing else from their line.

  13. V

    I’ve never been a huge of fan of stila. So, im indifferent towards them. There are so many other brands out there anyway.

  14. xxxx

    On the way to the sale…Stila and Patriach(new owner) decided not to pay the employee’s that they left hanging. They owe alot of us pay and expenses. Many of us are Mother’s etc….Please encourage Stila to pay their employee’s…This is what is wrong with corporate America. They can’t just get a clean slate…don’t buy!