Jane and Stila Cosmetics In Trouble

Remember the other day how I was excited about Jane cosmetics being on clearance at Walgreens? Remember how I said they weren't going out of business? Well... I could be wrong.

As it turns out, the reason for Walgreens clearing out all the Jane products was not the result of a disagreement between the two companies, but of Jane filing for chapter 11 bankruptcy. This does not guarantee the company will go out of business, but the outlook isn't good.

And while Stila has denied it, it appears the company is also in financial trouble. Their website has been down for days now, with news that some orders might be canceled, and Fashionista was told they are "reassessing their finances." Which, if you asks me, means "we're filing for bankruptcy."

This looks like bad news for two great makeup companies. I'll keep you updated, but for now... let's just say I'd stock up if I were you!