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Friday, Dec 1, 2023

Pure Beauty Sold to Investment Firm

PureBeauty Inc. has inked a deal to be acquired by a private investment firm as it files for Chap. 11 bankruptcy protection. The Encino-based company said Cameron Capital will acquire the company’s assets, including 48 retail stores and salons. Terms of the deal, subject to approval by the U.S. Bankruptcy Court for the Central District in Woodland Hills, were not disclosed. PureBeauty has also secured $4.75 million in financing to continue business operations while the sale process proceeds. The sale is expected to be completed during the second quarter of 2006.

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