December 20, 2023

Pursuant to an order of the Court dated November 24, 2023 (the “AVD Order”), the Court approved the sale transaction (the “Transaction”) contemplated by the Asset Purchase Agreement between the Sellers and the Purchasers (each as defined in the AVD Order). The Transaction closed on December 8, 2023.

Following the closing of the Transaction, on December 20, 2023, the legal names of the Applicants were changed to Old MAV Wind-Down Ltd., Old MAC Wind-Down Ltd., Old MAUSH Wind-Down Ltd., Old MAC USA Wind-Down Ltd., Old MAC Pure Holdings Wind-Down Ltd., Old MAV Midco Holdings Wind-Down LLC, Old R Wind-Down LLC, Old Onesta Hair Care Wind-Down LLC, and Old TMC Wind-Down LLC.

November 14, 2023

On November 14, 2023, MAV Beauty Brands Inc., Marc Anthony Cosmetics Ltd., Marc Anthony US Holdings, Inc., Marc Anthony Cosmetics USA, Inc., MAC Pure Holdings, Inc., MAV Midco Holdings, LLC, Renpure, LLC, Onesta Hair Care, LLC, and The Mane Choice Hair Solution LLC (collectively, the “Applicants” or the “MAV Group”) made an application to the Ontario Superior Court of Justice (Commercial List) (the “Court”) and was granted an order (the “Initial Order”), which, among other things, provides for a stay of proceedings pursuant to the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the “CCAA”).

Pursuant to the Initial Order, Alvarez & Marsal Canada Inc. was appointed as monitor (the “Monitor”) of the business and financial affairs of the Applicants.