THE WHAT? A Delaware Chancery Court has ruled that financier Lynn Tilton wrongly wrested control of cosmetics brand Stila by denying a Zohar fund its right to replace her as manager.
THE DETAILS The make-up brand took equity financing from the now-bankrupt Zohar funds but unilaterally amended its limited liability agreement in 2017, granting herself corporate governance in exchange for a US$10 million consideration.
THE WHY? The Zohars argued that the amendment was not valid as it required their consent, which had not been granted. The court agreed, ruling that Tilton ‘did not have the authority to amend the LLC agreement to strip Zohar of its right to remove and replace the manager’.
Aesthetic products generally refer to a broad category of items designed to enhance or improve one's appearance, often focusing on skincare, beauty, and personal grooming. These products are typically used to maintain or enhance physical attractiveness and may include a wide range of items intended for both professional and personal use. Here are some common types of aesthetic products:
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Skincare Products: Including cleansers, moisturizers, serums, and treatments designed to address various skin concerns such as acne, aging, hyperpigmentation, and sensitivity.
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Cosmetics: Makeup products such as foundations, concealers, eyeliners, lipsticks, and eyeshadows used to enhance facial features and achieve desired looks.
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Hair Care Products: Shampoos, conditioners, styling products, and treatments to maintain and improve the health and appearance of hair.
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Fragrances: Perfumes and colognes used to enhance personal scent and attractiveness.
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Dental Care Products: Toothpaste, mouthwash, whitening treatments, and dental floss aimed at maintaining oral hygiene and enhancing smile aesthetics.
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Personal Grooming Tools: Including razors, electric shavers, trimmers, and grooming kits used for hair removal and personal hygiene.
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Beauty Devices: Devices such as facial cleansing brushes, LED light therapy masks, and microcurrent devices designed for at-home skincare treatments.
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Nutritional Supplements: Supplements aimed at promoting skin health, hair growth, and overall well-being, often containing vitamins, minerals, and antioxidants.
