By  on April 10, 2009

NEW YORK — The mass market beauty universe was rocked earlier this week when Jane & Company filed for reorganization 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.” Court documents detailed assets of between zero and $50,000, and liabilities of between $1 million and $10 million.

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