Perfect Brow Art, Inc and its affiliated entities (the “Company”), the largest eyebrow threading retailer in the United States, with 169 company-owned and franchised stores, $23.7 million in revenues and $2.7 million in Adjusted EBITDA (in 2018, adjusted for closed stores and non-recurring professional fees), is selling substantially all of its assets (the “Assets”) pursuant to section 363 of the Bankruptcy Code.
On June 10, 2019, the United States Bankruptcy Court for the Northern District of Illinois, in the Company’s bankruptcy case, Case No. 19-0811 (jointly administered), entered a Bidding Procedures Order and set (i) June 24, 2019 at 5:00 p.m. (Central Time) (the “Bid Deadline”) as the deadline to submit offers; (ii) June 28, 2019 at 10:00 a.m. (Central Time) as the date of the Auction (the “Auction Date”); and (iii) July 2, 2019 at 1:00 p.m. (Central Time) as the date of the Sale Hearing. Copies of the Sale Motion (including the form purchase agreement) and the Bidding Procedures Order are available upon request to Stretto, the Debtors’ noticing agent, at (855) 812-6112 and are available for download at https://case.stretto.com/perfectbrowart/docket.
Additional detail on the Assets can be obtained by contacting Ravinia Capital, LLC, the Company’s investment banker, 185 N. Franklin, Third Floor, Chicago, IL 60606, David Bergal, (551) 795-4769, [email protected] or John Kemp, (630) 215-9383, [email protected].
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