THE WHAT? Inglot Cosmetics has become the latest victim of the COVID-19 pandemic as its owners announced that it would place the Irish holding company into liquidation, according to a report published by the Irish Times.
THE DETAILS The Swarbrigg family will continue to run the brand as an online and wholesale operation, closing all 20 stores. Creditors will schedule a meeting later this month to appoint a liquidator.
THE WHY? The brand attributed store closures to the impact of COVID-19 and the immense challenges facing the retail sector via its Instagram page last month with social distancing rules rendering close contact services such as make-up application impossible.
Read the full article at: https://www.globalcosmeticsnews.com/inglot-cosmetics-enters-into-liquidation/
