Lisa-Price1

Last week, companies affiliated with beauty brand Carol’s Daughter filed for Chapter 11 bankruptcy protection. 

According to court documents, Carol’s Daughter Stores LLC, filed a Chapter 11 petition with the Manhattan bankruptcy court. Court papers show that CD reported assets and debts each in the $1 million to $10 million range, was signed by Carol’s Daughter Chief Financial Officer John D. Elmer.

Now Carol’s Daughter creator, Lisa Price, is speaking out via her Facebook page:

For you,

I know you have read the misleading news that has been circulated around the internet during the past week because I have heard from so many of you. Thank you all for your support and concern.

It is important to set the record straight. Carol’s Daughter is still going strong after twenty-one years and the future has never looked brighter. As part of our increased focus on new retail channels, we have decided to close five of our stores. This was portrayed as if we are having some challenges, but nothing could be further from the truth.

Initially, I felt it was inappropriate to toot my own horn, if you will, in the midst of some of our stores closing and the day-to-day work that must be done to continue to ensure our success. However, in this day and age of information speeding ahead of us and becoming fact before it has been verified, fact checked or vetted I fear that inaccurate perception will become my company’s reality in the minds of those I hold so dear, you. My friends, supporters, cheerleaders, fans and second family.

From the days when some of you rang my doorbell looking for Healthy Hair Butter to the day my website crashed because of my first national TV appearance you have always been there for me and you are who I care about. Because of your dedication over the past twenty-one years, I have been able to do amazing things. The nationwide Target launch this past March is an opportunity that very few companies receive. I am proud of that. I am also proud and blessed to have valuable partners, like HSN, Ulta and Sephora inside JC Penney. These partnerships have enabled me to distribute Carol’s Daughter in over 2,500 stores and on direct TV which is far beyond the reach of my living room in Brooklyn.

I am going to live through this bad headline knowing that our brand is as strong as ever…and right now I have to get back to work.”

There you have it folks.

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  • ALM247

    Several people on the previous post mentioned that the quality of her product had completed changed, and that she no longer was using natural ingredients.

    The ingredients comments made me remember years ago when I first tried her products they came with refrigeration instructions. Now you can just leave that stuff on the shelf for weeks and weeks.

    Her statement didn’t clarify anything for me. No matter how many national chains she partners with, if the quality of the product has veered from it’s original reputation, then the core customers will not buy the product.

    Maybe that’s the point that I’ve been missing, maybe we are no longer her target customers??!!

    • Stacy L.

      There were MANY complaints on that other post. I was very surprised! It has been years since I purchased any of her products. They were good back then. I hate to see her reputation taking a hit like this.

    • 2ManyKinks2ManyKoils

      Yes, we are now her “Target” customers! :)

  • Stacy L.

    Although, as someone mentioned on the other article, bankruptcy does not always mean what it sounds like, it’s good to hear that she’s doing fine.

    • SimplePseudonym

      They probably did what Donald Trump has done 3 times. The Carol’s Daughter stores were filed as a separate company, so that newer company will file bankrupt and Carol’s Daughter can escape without having any liability for making a bad investment. It’s complete bullshit that company owners can do this while the rest of us are hounded by student loans and increasing interest w/ no relief, but that’s the name of the game in this corporatocracy.

  • Primmest Plum

    It’s good to hear she’s doing well, but I’m still not buying any of her products. They feel so processed. I’ll just stick to making my homemade hair products.

  • I’m glad she responded and is doing well. CD isn’t a brand I’ll be financially supporting though. Even when she was catering more to a kinkier texture, I didn’t purchase her products; now with all the complaints about the processed ingredients and catering to a different aesthetic, I really won’t buy now!