Tomia Magnificence, the corporate behind colour cosmetics model TrèStique, has filed for Chapter 11 chapter in a New Jersey court docket amid a dispute between the founders.
The magnificence model was based by Intercos veterans Jennifer Kapahi and Jack Bensason in 2015 with the slogan “Face in a Case,” and relaunched in 2021 with new merchandise, up to date formulation and zero-waste packaging.
However court docket paperwork filed as a part of the chapter case revealed infighting over management of TrèStique.
In court docket papers, Tomia, an organization affiliated with Kapahi, alleged that Bensason teamed with an outdoor investor, Asuf Landau, and fashioned a brand new firm that additionally referred to as itself Trestique.
The court docket filings pointed to public information displaying {that a} Delaware company, Fortunate Colour Inc., was fashioned in January, and in March an “modification title” was filed within the title of Trestique Inc.
“Upon data and perception, Landau and Bensason triggered these filings and adjusted the title of their entity to Trestique Inc. to function the successor to Tomia after defendants looted debtor’s TrèStique cosmetics line and different property,” an adversary continuing filed on Tuesday by Tomia with the court docket alleged.
The doc alleges Bensason, Landau and Fortunate Colour secured a mortgage to Tomia “for pennies on the greenback,” and now the group is looking for to “facilitate defendants’ looting of debtor.”
Tomia Magnificence was subsequently alerted by a Florida legislation agency on Aug. 4 that there can be a sale of all the debtor’s property.
“After a number of web searches, Tomia discovered one commercial of the public sale sale, that…made no reference to the commerce title TrèStique, in order that any bidder would don’t have any discover of what property had been truly being bought, not to mention that the sale was purportedly of your complete TrèStique enterprise with over $1 million of stock, mental property, good will, established vendor relationships,” the authorized paperwork stated.
Amongst a handful of requests, Tomia is looking for turnover of Bensason’s membership curiosity and compensation acquired, and an accounting of defendants’ wrongful misappropriation and dealings.
Kapahi and attorneys for Tomia didn’t reply to request for remark. Contact data for Bensason and Landau couldn’t be discovered.
TrèStique merchandise are bought on its web site and Amazon. As of Wednesday, its web site was nonetheless up and operating.
Web loss for the primary half of the 12 months was listed in court docket paperwork as $279,556.
