Bloomin Brands’ Newell brands to go private
Bloomin brands, a maker of hair and skin care products, will cease trading on the Newell Brands exchange next year, its founder, Matt Bloomin, announced on Wednesday.
The company said in a statement that it was “taking this action due to continued management challenges.”
In a statement, Bloomin said he had no further comment.
A Newell spokesperson declined to comment on the announcement.