29 Nov 2023 --- MAV Beauty Brands has found a buyer amid financial challenges. After seeing its year-on-year Q2 profits nearly halved, the company won approval from the Ontario Superior Court of Justice to pave the way for Nexus Capital to acquire “substantially all” of its assets and subsidiaries. Nexus Capital Management is a private equity firm based in Los Angeles, US. The sale is expected to be completed mid-December subject to customary closing conditions or waivers.
