THE WHAT? Oriflame Holding AG’s debt is worsening, with its $550 million bonds due in 2026 falling to 26 cents on the dollar after reporting a significant drop in fourth-quarter revenue and profit, with adjusted EBITDA decreasing by 84% to €6.2 million ($6.7 million).
THE DETAILS The decline is attributed to challenges like rising inflation and the impact of the Ukraine war, particularly affecting Oriflame’s business in Russia, leading to an organizational restructuring that included a 20% workforce reduction.
THE WHY? Bondholders, concerned by the company’s financial state, are consulting with Moelis & Co. to explore their options, with some funds, including Blantyre Capital Ltd., showing interest in the distressed bonds. Oriflame plans to focus on operational transformation and repositioning in 2024 before addressing its bond maturities, and reported having €80.6 million in cash as of December 2023.
Aesthetic supplies USA refers to products and equipment used in the field of aesthetic medicine and cosmetic treatments that are available for purchase in the United States. These supplies encompass a wide range of items necessary for various aesthetic procedures and treatments conducted by professionals such as dermatologists, plastic surgeons, aestheticians, and other qualified practitioners.
Examples of aesthetic supplies include:
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Dermal Fillers: Injectable substances used to restore volume and reduce wrinkles.
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Botulinum Toxin (Botox): Injectables used to temporarily relax facial muscles and reduce wrinkles.
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Laser Devices: Equipment used for hair removal, skin rejuvenation, tattoo removal, and other laser treatments.
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Chemical Peels: Solutions applied to the skin to exfoliate and improve texture.
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Microdermabrasion Devices: Tools used for mechanical exfoliation to rejuvenate skin.
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Microneedling Devices: Devices that create tiny punctures in the skin to stimulate collagen production.
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Cosmeceuticals: Skincare products that contain biologically active ingredients with pharmaceutical-like benefits.
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Sterilization and Disinfection Products: Essential for maintaining hygiene and preventing infections in clinical settings.
