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
  • Pushin’ the Cushion

    Pushin’ the Cushion

    Christine Esposito, Associate Editor||July 26, 2016
    AmorePacific, the creator of the cushion compact, continues to improve its unique product.

  • Cozy Makes a Splash

    Cozy Makes a Splash

    Melissa Meisel, Associate Editor||July 25, 2016
    Expands reach in CVS and introduces new collection.

  • Senior Skin Care

    Senior Skin Care

    Christine Esposito, Associate Editor||July 19, 2016
    McCord Research and Product Quest Manufacturing roll out new hospital-grade skin care kits for seniors to use at home.

  • Sustainability is Omnipresent

    Sustainability is Omnipresent

    Christine Esposito , Associate Editor||July 1, 2016
    Industry stakeholders convene in New York City for Organic Monitor’s annual event

  • Perceived Perfection

    Perceived Perfection

    Christine Esposito, Associate Editor||July 1, 2016
    From primers to pressed powders, facial cosmetics help create the illusion of a flawless complexion.

  • Preserve & Serve

    Preserve & Serve

    Melissa Meisel , Associate Editor||July 1, 2016
    Suppliers with innovative preservatives provide staying power for formulations.