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Tells creditors to opt into shares of parent company, FemTec.
November 4, 2022
By: TOM BRANNA
Editor
Birchbox, the one-time delivery darling of the beauty industry, is considering bankruptcy. Birchbox’s parent company, FemTec Health, sent a letter to creditors earlier this week advising them of bankruptcy proceedings and suggested they consider opting into shares of FemTec. “We believe, in the best interests of Birchbox and the entire FMTC family of companies spanning the US and Europe, a Chapter 11 or some equivalent structure may be necessary,” the letter read. The letter gives credi...
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