Renaissance Cosmetics
This article was originally published in The Rose Sheet
Executive Summary
Investment banking firm Wasserstein Perella (New York City) retained as financial advisor to aid the fragrance and cosmetics mass marketer in "evaluating its capital structure and considering financing alternatives available," Renaissance said March 17. Increased competition in the artificial nail business, a flat fragrance market and difficulties abroad have left Renaissance struggling; the firm recently reported that following a credit waiver agreement, it expects to have working capital to continue operations through June ("The Rose Sheet" Feb. 23, p. 11)...