Carol's Daughter Files for Bankruptcy, Closes Stores

Companies affiliated with Carol's Daughter filed for Chapter 11 bankruptcy protection last week in connection with the beauty brand's move to close most of its stores. CD Stores LLC, formerly known as Carol's Daughter Stores LLC, filed its Chapter 11 petition with the Manhattan bankruptcy court, as did the individual companies behind Carol's Daughter stores. Court papers show that CD Stores is 100 percent owned by parent company Carol's Daughter Holdings LLC (the parent company didn't file for bankruptcy). The petition reported assets and debts each in the $1 million to $10 million range.