Stila Finds an Investor in Patriarch Partners LLC

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By Tiffany Neal · April 20, 2009 · 0 Comments · 55 Views

Good news: struggling beauty label, Stila, has found a helping hand in Patriarch Partners LLC. A deal between the two should be finalized today if everything goes according to plan.

WWD reports: "According to several sources, it's been a rocky several weeks for the brand, which is said to have furloughed its entire workforce the last week in March due to the company's inability to make payroll. Former owner Sun Capital Partners, which had acquired the brand from the Estee Lauder Cos., is said to have pulled the plug on the company's financing at that time. The deal was confirmed late Sunday afternoon by Stila ceo Deanna Kangas and Patriarch Partners spokesperson Taylor Griffin."

As of now, Stila's website boasts that its down for "routine maintenance" and orders placed between the dates of March 23rd - 24th may have been canceled. Yeah. Suffice it to say, the makeup company needed this financial assist from PP pretty badly. Meanwhile, until Stila gets its online shop up and running again, its Barbie makeup tins can be purchased at Sephora. May I suggest the "1980 Foxy Doll?"


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Chic & Untroubled brings together the worlds of both high and low fashion. Basically, you know about Married to the Mob, but need to brush up on Pierre Hardy? Love Balenciaga, but have no idea what Stussy is? Well, Chic and Untroubled is the perfect place for you.

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