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BEAUTY
* As part of the bankruptcy process, Beauty Brands plans to close 25 stores.
Midwest beauty retail chain Beauty Brands has filed for Chapter 11 bankruptcy protection.
The chain filed in the U.S. Bankruptcy Court in the District of Delaware on Jan. 6, citing declining sales and rising costs of operating a brick-and-mortar retail business.
Hilco Merchant Resources LLC is acting as the stalking-horse bidder for the 33 Beauty Brands locations that will remain open and is slated to conduct the going-out-of-business sales for 23 locations, according to court papers. Beauty Brands is conducting the going-out-of-business sales for two locations - Ahwatukee, Ariz., and...