FULLBEAUTY Brands Holdings has completed a financial restructuring to emerge from chapter 11 bankruptcy with around $35m in new financing.

The company has cleared approximately $900m of debt during the bankruptcy process.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

In January 2019, the fashion brand signed a comprehensive restructuring support agreement with its key stakeholders, including equity sponsors Apax Partners and Charlesbank Capital Partners, in an effort to reduce the debt.

Now that the company has emerged from bankruptcy, affiliates of Apax Partners and Charlesbank Capital Partners will now acquire minority stakes for their advisory services to the reorganised company.

The Citizens Bank will also offer a new asset-based loan to the company.

“The market for plus-size apparel is growing faster than the apparel market overall.”

FULLBEAUTY CEO Emilie Arel said: “Through the restructuring, we have strengthened our balance sheet and gained additional financial flexibility. Going forward, FULLBEAUTY is well-positioned to create sustainable value for our stakeholders, including customers, employees, suppliers, business partners and lenders.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“FULLBEAUTY has highly relevant brands and our new owners share our confidence in the power and potential of those brands.

“The market for plus-size apparel is growing faster than the apparel market overall, and FULLBEAUTY in particular benefits from our position at the high end of the size curve, as well as our ability to drive strong results without the burden of brick and mortar retail stores.”

The retailer has enhanced its merchandise assortment, expanded distribution and rationalised costs as part of the restructuring process.

Kirkland & Ellis, PJT Partners and AlixPartners served as advisors to the company during the restructuring and assisted it to obtain court approval for the reorganisation plan.