Financial News

MAV Beauty Brands Reports Losses in Third Quarter 2021 Financial Results

Total revenue for the global personal care company fell $7 million compared with last year.

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By: Lianna Albrizio

Associate Editor

Global personal care company MAV Beauty Brands Inc. announced its financial results for the three and nine months, which ended Sept. 30.    “We are disappointed with the Q3 financial results, including the non-cash goodwill impairment,” said Serge Jureidini, president & CEO of MAV Beauty Brands. “Third-quarter net sales decreased versus the prior year as we continued to experience the negative impact of net distribution losses from retailer planogram resets, as well as the sub...

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