The Cosmetic Center To Reorganize Under Chapter 11 With $71 Mil. In Debt
This article was originally published in The Rose Sheet
Executive Summary
The Cosmetic Center filed a petition for Chapter 11 protection in Wilmington, Del. federal bankruptcy court April 16. The Columbia, Md.-based company listed assets of $95.1 mil. and total debts of $71.1 mil. as of Feb. 27. The company said the filing will "enable it to take the necessary steps to revitalize its business and position the company for success in the future."