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MAV BEAUTY BRANDS COMPLETES SALE OF SUBSTANTIALLY ALL OF ITS ASSETS TO NEXUS CAPITAL MANAGEMENT
MAV BEAUTY BRANDS COMPLETES SALE OF SUBSTANTIALLY ALL OF ITS ASSETS TO NEXUS CAPITAL MANAGEMENT ...
About this update from Maverick Gold And Silver Corporation
[{"type":"text","content":"\n \n \n \n MAV BEAUTY BRANDS COMPLETES SALE OF SUBSTANTIALLY ALL OF ITS ASSETS TO NEXUS CAPITAL MANAGEMENT\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VAUGHAN, ON\n \n ,\n \n \n Dec. 8, 2023\n \n \n /CNW/ - MAV Beauty Brands Inc. (\"MAV Beauty Brands\" or the \"Company\"), a global personal care company, today announced that it has completed the sale of substantially all of the assets of the Company and its subsidiaries to an affiliate of Nexus Capital Management LP, a\n \n Los Angeles\n \n -based private equity firm (\"Nexus\"). MAV Beauty Brands' operations will continue uninterrupted in the ordinary course of business.\n \n \n \n Michael Cohen\n \n , Partner at Nexus, said, \"Nexus invests in leading companies and management teams across industries. With MAV Beauty, we see strong long-term potential in the Company's iconic brands, exceptional product quality, and high repeat purchase rates across its loyal consumer base.\"\n \n Kayla Dean Obia\n \n , Vice President at Nexus, added, \"We are excited to embark on the next chapter of the Company with a refreshed capital structure and strategic plan designed to renew growth and profitability. This plan will enable the Company to invest in new product innovation and build on its partnerships with retailers.\"\n \n \n \"We are pleased to partner with\n \n Serge Jureidini\n \n , CEO of MAV Beauty Brands, and the existing management team to accelerate the business by executing upon the new strategic plan. The Company has a rich heritage and legacy that we look forward to continuing to build upon,\" Cohen continued. \"Serge played a key role in constructing the vision and operating plan for the Company going forward. We are confident that the management team is now best positioned to invest in marketing, new product innovation and retail partnerships.\"\n \n \n \"I am excited to lead MAV Beauty Brands under its new private ownership with Nexus,\" said Jureidini. \"The Company will leverage its strengthened platform capabilities and focus on growth, accelerating product inn...