Following Amyris’ bankruptcy, Naomi Watts is said to have acquired her brand, Stripes, at auction for US$500,000. The purchase was completed via Watts’ investment vehicle, Sakana, which lists the actor as Managing Member.
What happened
Posted by Georgina Caldwell | Dec 21, 2023 | Finance, North America |
Why it matters
THE WHAT? Following Amyris’ bankruptcy, Naomi Watts is said to have acquired her brand, Stripes, at auction for US$500,000. The purchase was completed via Watts’ investment vehicle, Sakana, which lists the actor as Managing Member.
THE DETAILS Further brands from the Amyris portfolio have also been snapped up at auction. Rosie Huntington-Whitely’s Rose has been bought by AA Investments for US$2.5 million while Jonathan Van Ness’ JVN Hair has been sold to Windsong Global for US$1,25 million.
THE WHY? Amyris filed for Chapter 11 bankruptcy in August placing a big question mark over the future of its sizable beauty portfolio. The auction in the latest in a series of transactions that has seen Biossance sold to THG and several founders buy back their brands.
This news brief is based on reporting published by Global Cosmetics News on 2023-12-21. The original report is linked below.
Global Cosmetics News
https://www.globalcosmeticsnews.com/naomi-watts-buys-back-her-stripes-brand-from-bankrupt-amyris-portfolio-2/This independent news brief is based on the public source identified above. It is an original summary or translation, not a reproduction of the source article. Rights in source text, research, trademarks and images remain with their respective owners; images are used under the licence or permission identified in the credit. Rights holders may contact rights@goodproductasia.com with evidence of ownership. Verified concerns will be corrected, replaced or removed promptly. This report is not investment, legal, medical or purchasing advice.
