Subscription Beauty Box Service Julep Lays Off 102 Employees
Parent company Glanasol files for bankruptcy and has agreed to sell its assets to AS Beauty.
Subscription beauty box company Julep will lay off 102 employees and shut Seattle-area salons after its parent company Glanasol filed for Chapter 11 bankruptcy protection, reports The Seattle Times. Glanasol Holdings Inc. filed in U.S. Bankruptcy Court for the Southern District of New York, reporting liabilities ranging between $10 million and $50 million. Glanasol also owns Clark’s Botanicals Inc. and Laura Geller Beauty. Geekwire reports that Glanasol has entered into an agreement to be acquired by AS Beauty.
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