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04/26/13 - $0.15
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boldface group inc (BLBK) Details

BOLDFACE Group, Inc., together with its subsidiary, BOLDFACE Licensing + Branding, operates as a celebrity beauty licensing and branding company in the United States and internationally. The company primarily focuses on acquiring entertainment, celebrity, and designer brands for opportunities in the beauty, personal care, home, and fragrance markets. Its products include color cosmetics, hair preparations, fragrances, home fragrances, skincare products, beauty tools, and other beauty and personal care products. The company offers its products under the owned Kardashian Beauty brand; licenses the Mario Lopez brand to develop and distribute male fragrance and men’s grooming products; and licenses the UGLYDOLL brand to develop and distribute personal care products. BOLDFACE Group, Inc. sells its products primarily through mass retailers and chain drug stores. The company is based in Santa Monica, California.

6 Employees
Last Reported Date: 10/15/13

boldface group inc (BLBK) Top Compensated Officers

Co Founder, Chief Marketing Officer and Direc...
Total Annual Compensation: $250.0K
Chief Financial Officer
Total Annual Compensation: $125.0K
Compensation as of Fiscal Year 2013.

boldface group inc (BLBK) Key Developments

BOLDFACE Group, Inc. Appoints John Labonty as President and Chief Executive Officer

BOLDFACE Group, Inc. announced the appointment of Mr. John LaBonty as President and Chief Executive Officer. Mr. LaBonty joins with a wealth of experience including VP/General Manager of International for Smashbox Cosmetics, where he grew gross revenue by more than 400%. Mr. LaBonty also has extensive mass-market consumer brand experience with Procter & Gamble and Tambrands (Tampax tampons). He has led multiple sales, marketing and general management organizations with both companies within North America and internationally. In addition to his extensive consumer experience, Mr. LaBonty was the Vice President of Sales and Distribution for Citigroup's Latin America consumer division where he oversaw a $2.3 billion organization of more than 10,000 personnel spanning 19 countries. Mr. LaBonty has the perfect blend of leadership roles in consumer product and finance organizations.

Boldface Group Announces Settlement Agreement with Chroma Makeup Studio

On December 11, 2013, BOLDFACE Group, Inc. (BOLDFACE") and its wholly-owned subsidiary BOLDFACE Licensing + Branding (BLB" and, together with BOLDFACE, the Company") entered into a settlement agreement and mutual general release (the Settlement Agreement") with Chroma Makeup Studio, LLC (CMS") to settle any and all claims between the Company and CMS as previously disclosed in the Company's periodic reports. Pursuant to the terms of the Settlement Agreement, and with no admission of any liability, the Company has agreed to pay CMS a cash amount over a period of one year commencing on December 31, 2013 and ending on December 31, 2014. The total cash amount that the Company has agreed to pay CMS is lower than the amount the Company reserved for any payments to be made in connection the dispute.

BOLDFACE Group, Inc. Announces Earnings Results for the First Quarter Ended September 30, 2013; Successful Launch of Kardashian Beauty Products in Australia

BOLDFACE Group, Inc. announced earnings results for the first quarter ended September 30, 2013. For the quarter, the company reported net revenues of $1.269 million, compared to the company having no revenues in the first quarter 2013. GAAP net loss of $0.791 million or $0.01 per fully diluted share for the quarter, including non-cash expenses of $0.209 million in stock-based compensation expense /shares issued for services and non-operating gain including $0.871 million for derivative liability gains. The company successful launch of Kardashian Beauty(TM) products in Australian markets at exclusive retailers MeccaMaxima and Kit Cosmetics.


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