Natural Products Group LLC, owner of direct-sales skin care and cosmetics brand Arbonne International and natural personal care brand Nature’s Gate, filed for Chapter 11 bankruptcy protection in Delaware on Wednesday.
Natural Products Group opted for Chapter 11 to embark on a restructuring plan approved by 90 percent of the company’s bank debt holders that would cut its debt obligations by more than 80 percent. In court documents, the company’s total liabilities are listed at $804 million and its total assets at $286 million. The bankruptcy is expected to last 45 to 60 days, according to Natural Products Group.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)