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Esteemed Contributor
Posts: 5,891
Registered: ‎03-10-2010

Parent corporation of Laura Geller, Julep, Clark's Botanicals files for chapter 11 bankruptcy

Glansaol, the parent corporation of beauty brands Laura Geller, Julep, and Clark's Botanicals has filed for Chapter 11 bankruptcy in order to sell the company.

 

 

https://www.prnewswire.com/news-releases/glansaol-voluntarily-files-for-chapter-11-protection-to-pur...

 

 

https://www.beautypackaging.com/contents/view_breaking-news/2018-12-20/glansaol-owner-of-laura-gelle...

 

Honored Contributor
Posts: 10,367
Registered: ‎03-09-2010

Re: Parent corporation of Laura Geller, Julep, Clark's Botanicals files for chapter 11 bankruptcy

Wow.  Makes you wonder what happens, when these well-known brands are bought out by other companies.

Honored Contributor
Posts: 11,447
Registered: ‎01-22-2016

Re: Parent corporation of Laura Geller, Julep, Clark's Botanicals files for chapter 11 bankruptcy

Not surprised 

Respected Contributor
Posts: 2,966
Registered: ‎07-18-2010

Re: Parent corporation of Laura Geller, Julep, Clark's Botanicals files for chapter 11 bankruptcy


@Sweet_Serenity wrote:

Not surprised 


I really am curious why you are not surprised. This bankruptcy is to facilitate a sale, this is not a business that is going to get dissolved.  These were individual companies bought by another company as a start up with the intent to take these companies public. So why are you "not surprised"  that this has happened?

Esteemed Contributor
Posts: 5,891
Registered: ‎03-10-2010

Re: Parent corporation of Laura Geller, Julep, Clark's Botanicals files for chapter 11 bankruptcy

@Bhvbum

@Sweet_Serenity

 

I am kind of surprised that the brands are not doing very well. All three brands, Laura Geller, Julep, and Clark's Botanicals are sold on QVC.

 

Laura Geller isn't sold in Canada on The Shopping Channel nor in regular bricks and mortar stores. I only see the occasional Laura Geller item at T.J. Maxx or Marshalls in the U.S. or Winners in Canada. I don't think I've seen Julep or Clark's Botanicals at Winners.

 

I was surprised to see 3 Laura Geller gift sets that were sold throughout 2016 this holiday season at Winners as I almost never see any Laura Geller items the rest of the year here. But financial problems would easily explain why I'm seeing gift sets that were sold two and nearly 3 years ago in the U.S. as Laura Geller must have had a lot of old inventory to unload so they likely were sold to TJX the corporate parent of T.J. Maxx, Marshalls and Winners. I even saw one of the kits with a TSV sticker on the back of the box and this kit was an exclusive to QVC.

Trusted Contributor
Posts: 1,187
Registered: ‎04-04-2014

Re: Parent corporation of Laura Geller, Julep, Clark's Botanicals files for chapter 11 bankruptcy

Laura Geller has shown up on HauteLook but I’m not sure about the other two.  I’m thinking they are looking to liquidate stock.  What that means going forward is anybody’s guess.

 

that said there are other brands that have appeared on HauteLook (Clark’s, Perricone, philosophy) and those seem to be continuing

 

Respected Contributor
Posts: 2,966
Registered: ‎07-18-2010

Re: Parent corporation of Laura Geller, Julep, Clark's Botanicals files for chapter 11 bankruptcy

It amazes me that folks think that Laura Geller’s business is for some reason "going under”. There are many different ways to use the bankruptcy laws and one of them is to break up and sell companies that are doing well.

 

That is it exactly what they’re doing in this case. There is nothing in the bankruptcy notification that suggests that Geller’s business is not doing well.  

Regular Contributor
Posts: 204
Registered: ‎07-13-2011

Re: Parent corporation of Laura Geller, Julep, Clark's Botanicals files for chapter 11 bankruptcy

All this means is that the parent company is not making the money they expected. We have no idea what the issues are. Could be anything from excessive debt, poor management decisions or flat market growth. No doubt this is a competitive market.  I have noticed that Laura Geller and her products are not on as often as in the past and she is getting older and may not want to work as hard as in the past.

 

All brands on home shopping channels are going to reach a saturation point where they no long attract new customer at the same rate. Over years it is impossible to for a brand to keep growing unless they keep reinventing themselves which is easier said than done and even customers who like a brand will wonder and try other brands.

 

Julep is a very specific brand with limited product line. Although highly touted by several show hosts it is hard to imagine that it can grow their market share without addition distribution.  I am not familiar with Clark's Botanicals at all. 

 

Personally I like Laura Geller but my aging skin does not repond well to all powders and I do not always want to use a primer like Spackle. 

Contributor
Posts: 53
Registered: ‎04-09-2011

Re: Parent corporation of Laura Geller, Julep, Clark's Botanicals files for chapter 11 bankruptcy

Unless they stopped recently, Ulta has carried Laura Geller products for a few years. If I need something of hers in a hurry, that’s where I shop. 

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Respected Contributor
Posts: 4,394
Registered: ‎04-19-2010

Re: Parent corporation of Laura Geller, Julep, Clark's Botanicals files for chapter 11 bankruptcy

I bought a LG holiday set that I broke up for stocking stuffers. I kept the pressed powder foundation and the primer. I am allergic to most primers and was pleasantly surprised that I could use this one and for a quick out the door routine like the balance and brighten. I have very dry skin and apply Burt’s Bees facial oil first. I have purchased her brand at Ulta too.