Baby products company Hello Bello, founded by actors Kristen Bell and Dax Shepard, has filed for Chapter 11 bankruptcy protection.
The Los Angeles-based company, backed by private equity firm VMG Partners, listed assets and liabilities of at least $100 million each in its bankruptcy petition. The filing protects the company from creditors while it works out a way to repay them.
In 2019, Bell and Shepherd, who are married, launched the brand alongside a deal to sell the products exclusively at Walmart, according to a statement at the time. Hello Bello joins other consumer companies such as Bed Bath & Beyond that have buckled this year as the pressure of inflation and high interest rates persists. The brand’s largest creditor is a tissue products supplier that may be owed about $22 million, according to court papers.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Los Gatos foodies say hello to Parkside, farewell to The PalmsTasting House, Grocer+Goddess reopen in town.
Lire la suite »
Jennifer Garner Reveals How Reese Witherspoon Was There During 'Very Public, Very Hard' Life MomentThe woman spoke together during the Hello Sunshine Shine Away Panel.
Lire la suite »
Watch Miss Terry, Kristen Saban Setas sing ‘Dixieland Delight’ during Alabama’s win over TennesseeThe stadium was rocking and saw was the Saban suite.
Lire la suite »
Christopher Bell Takes Homestead Win, Second Championship Four SpotAfter charging to the lead late, Bell will join long-time dirt racing rival Kyle Larson as one of two drivers locked into the championship round at Phoenix.
Lire la suite »
90 Day Fiancé’s Jibri Bell Finally Reacts To Breakup Rumors After Miona’s Unusual Instagram UpdatesFans suspect Jibri Bell and Miona Bell from 90 Day Fiancé season 9 are getting divorced after spotting clues the couple shared on Instagram.
Lire la suite »
Christopher Bell punches ticket to NASCAR championship race, wins rollercoaster race at HomesteadChristopher Bell, who entered the race below the playoff cutline, will compete in his second straight championship race. He beat Blaney by 1.651 seconds Sunday and only led 26 of 267 laps in a chaotic race in which three playoff drivers did not finish.
Lire la suite »