Breaking News

Boldface Beauty Completes Financing

April 2, 2014

Hillair Capital Investments works with celebrity licensing brand.

Celebrity licensing company Boldface Group—best known for its Kardashian Beauty collection—has successfully completed a $1.0 million financing from Hillair Capital Investments. According to Boldface, it was through the sale of the company's 8% senior secured convertible debentures and five-year warrants to purchase 34.6 million shares. Net proceeds from the offering are to be used for general corporate purposes.
"We are pleased with Hillair's ongoing support of the Company. We will deploy the funds for working capital purposes, including investing in the ongoing success of Kardashian Beauty. As a result of the restructuring, we have reduced our debt by nearly 40% or $0.8 million.  We look forward to this next phase of growth for the company as we continue to streamline operations and focus on key areas of the business," said John LaBonty, chief executive officer and president of Boldface.
In other news, Boldface recently named a new CEO, as previously reported in Happi.
blog comments powered by Disqus
  • Free and Clear

    Free and Clear

    Melissa Meisel, Associate Editor||October 17, 2016
    OY-L aims for zero-chemical skin care.

  • Coming Clean on a Host of Issues

    October 17, 2016
    Cleaning Products Conference is set for Nov. 9-11, 2016 in Washington DC.

  • Let the Magic Begin!

    Let the Magic Begin!

    Tom Branna, Editorial Director||October 10, 2016
    IFSCC Congress gets underway at Walt Disney World this month.

  • Change Is in the Air

    Change Is in the Air

    Doreen Wang, BrandZ ||October 3, 2016
    Technology is changing the personal care market

  • Skin Care of One’s Own

    Skin Care of One’s Own

    Christine Esposito, Associate Editor||October 3, 2016
    Nu Skin’s ageLOC Me—which melds the worlds of smart-phone technology, efficacious ingredients and personalization

  • Proof Positive

    Proof Positive

    Christine Esposito, Associate Editor||October 3, 2016
    Testing service providers enable companies to back up their claims and stay in compliance with regulations.