shuts down

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Online cosmetics retailer shut down Nov. 15, citing inadequate financing to help the company turn a profit. The Chicago-based company will lay off 30 people in Chicago, New York and Indianapolis, keeping a small staff to handle the liquidation of assets. In addition to its consumer operations, Beautyjungle also operated, which sells cosmetics to small manufacturers. The beauty products e-tail space has been hit hard: said it would acquire the assets of beauty site, which shuttered recently.

Copyright November 2000, Crain Communications Inc.

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