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Sources blame covid and the two-year decline in color cosmetics sales.
October 14, 2022
By: TOM BRANNA
Editor
Forma Brands, the parent company of Morphe, Lipstick Queen and Jaclyn Hill’s Jaclyn Cosmetics, may file for Chapter 11 bankruptcy, according to Reorg Research. Sources blame the pandemic, which caused a two-year slide in color cosmetics sales, supply chain issues, as well as controversy surrounding celebrity brands from Jeffree Star and James Charles. With sales of $350 million last year, Forma Brands ranked No. 43 in Happi's The Top 50 and No. 97 in The Happi 100. Majority owner, pri...
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