DISTRESSED DAILY: Makeup Company Anastasia Sees Steady Recovery

June 28, 2022, 12:00 PMConsumers are venturing out — typically maskless — spurring recent demand for make-up, and that’s serving to Anastasia Holdings LLC. The Beverly Hills, California-based firm, identified for merchandise like its $21 eyebrow pomade, has seen its gross sales and earnings rebound as customers purchase extra cosmetics and as retailers like Sephora and Ultra push premium manufacturers in mass-market chains like Kohl’s and Target, in keeping with Moody’s Investors Service. Anastasia ended the primary quarter of 2022 with a “comparatively sizable money pile” and an undrawn revolver due in 2023, Moody’s analyst Dawei Ma wrote in a observe final week. Following cost-cuts in … © 2022 The Bureau of National Affairs, Inc. All Rights Reserved

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