Waldencast, the SPAC founded by former L'Oréal executives, has sold Obagi Medical and delisted from Nasdaq, leaving it with Milk Makeup, whose first-half revenue plunged 57.1% to $26.1 million.
Waldencast's Beauty Empire Shrinks to Milk Makeup as Sales Fall 57%
Waldencast, the SPAC founded by former L'Oréal executives, has sold Obagi Medical and delisted from Nasdaq, leaving it with Milk Makeup, whose first-half revenue plunged 57.1% to $26.1 million.
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