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December 28, 2018

Subscription Beauty Box Service Julep Lays Off 102 Employees

Auto-renew Subscription, Business Operations, Consumer Services, Industry Announcements, Mergers and Acquisitions, News, Subscription Boxes /

Subscription beauty box company Julep will lay off 102 employees and shut Seattle-area salons after its parent company Glanasol filed for Chapter 11 bankruptcy protection, reports The Seattle Times. Glanasol Holdings Inc. filed in U.S. Bankruptcy Court for the Southern District of New York, reporting liabilities ranging between $10 million and $50 million. Glanasol also owns Clark’s Botanicals Inc. and Laura Geller Beauty. Geekwire reports that Glanasol has entered into an agreement to be acquired by AS Beauty.

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Five on Friday: Startups, Starz and Strategy

News, SaaS and Cloud Services, Subscriber Only /

Before you prepare to ring in the new year, take a look at these hot subscription topics. In this weeks Five on Friday, beauty retailers grow their U.S. online sales by an impressive 24 percent, digital startup Fair gets a $385 million investment from SoftBank, Starz markets to former subscribers with a special deal to lure them back, Tubi offers an ad-supported video-on-demand model for cord cutters who dont want to pay for a streaming subscription service, and Microsofts restructuring this year has paid off.

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