By and  on April 7, 2009

Jane & Company, a value-oriented cosmetics brand with annual revenues of about $25 million, filed for reorganization Monday under Chapter 11 of the U.S. Bankruptcy Code.

Baltimore-based Jane, which is sold by mass merchants and drugstores, said the filing in Wilmington, Del., was “due to significant cash liquidity issues faced by Jane arising from the economic crisis that affected retail customers nationwide.”

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