Ariana Grande Approved to Buy Beauty Assets Out of Bankruptcy

Ariana Grande secured a judge’s approval to buy assets tied to her r.e.m. beauty line from bankrupt makeup company Forma Brands LLC.

AGREM BTY LLC, a corporate affiliate of Grande, will pay $15 million to acquire the assets, which includes inventory, sale orders and social media accounts. Judge Karen Owens of the US Bankruptcy Court for the District of Delaware signed off on the deal during a court hearing on Wednesday.

The pop singer entered into a licensing and endorsement deal with Forma Brands, which is the parent company of cosmetics retailer Morphe LLC, in 2020 to develop and promote ...