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July 28 2014

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Stila Stays in the Picture

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Over the past few weeks, rumors have been swirling that Stila—the popular cosmetics company fronted by illustrations of trendy, cartoon girls (who are curiously missing noses)—has gone bankrupt. The beauty brand, formerly owned by Estée Lauder, was sold to Sun Capital in 2006 and subsequently removed from many department store counters. Among the reports about the company falling into tough times were stories of offices being shut, employees being given little to no warning to clear out their desks, and a homepage that flashed a footnote about orders being canceled earlier in the month. But according to an article in yesterday’s Wall Street Journal, Patriarch Partners, a New York-based private equity firm, has bought the company in a foreclosure sale and intends on keeping it up for the time being. All of which means you won’t have to find a replacement for Stila’s inimitable Lip Glaze just yet. (Phew.)

Photo: Courtesy of Sephora

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