Julep's operations will be combined with parent company Glansaol's other two beauty brands — Laura Geller and Clark's Botanicals — and the companies will be run from Glansaol's New York offices.
Seattle beauty company Julep is laying off 102 employees as it gets set to shut down its local nail parlors and Seattle headquarters.
The moves come after Julep’s parent company, New York-based Glansaol, filed for bankruptcy protection last week.
Glansaol CEO Nancy Bernardini said Wednesday that Julep will continue selling its makeup online and in stores such as Nordstrom and Ulta. Julep’s operations will be combined with Glansaol’s other two beauty brands — Laura Geller and Clark’s Botanicals — and the companies will be run from Glansaol’s New York offices, she said.
Julep employees were given two months notice of the layoffs, Bernardini said, and several will be offered jobs in the New York offices. Julep’s office in Seattle will close in mid-February.
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At one time Julep had four nail salons in the region, but a Gig Harbor location closed a few years ago and the downtown Seattle nail parlor closed just this month.
Two other locations, in the University District and in Bellevue, are still open but are expected to close at the end of January, according to employees who answered the stores’ phones Wednesday.
Julep was founded in 2006 by Jane Park, a former Starbucks executive, and launched a subscription beauty service while it opened four nail parlors around the Puget Sound region. The subscription service, which is still accepting sign-ups, delivers monthly boxes of skin care, nail polish and other makeup to subscribers for $19.99 per month.
The subscription service ran into controversy two years ago, when the state Office of the Attorney General said the company would pay $3 million for using “deceptive” marketing practices and making it difficult for customers to cancel subscriptions.
Park disputed the dollar figure at the time and said the settlement did not call the practices “deceptive.”
Julep raised more than $68 million from prominent Seattle investors including Madrona Venture Group and Maveron by December 2016, when it was acquired by Glansaol, a beauty company that had just been established in partnership with private equity company Warburg Pincus.
At the time, Julep had 143 employees, and the company said no layoffs were planned. Park stepped down from day-to-day operations at the company after the sale.
When Glansaol filed for bankruptcy protection last week it made a preliminary deal to sell most of its assets to AS Beauty, which makes semi-permanent makeup.
Glansaol’s brands will continue to do business, Bernardini said Wednesday. “Without a doubt, the Julep business will be maintained,” she said.