FullBeauty Brands Inc., the New York-based online and catalog retailer of plus-size apparel, recently hired financial adviser PJT Partners Inc. to address its debt load, WSJ Pro Bankruptcy reported. The retailer, owned by Apax Partners LLP since 2015, saw revenue slide by 6 percent last year and 3.5 percent in the first quarter of 2018, according to Moody’s Investors Service. FullBeauty has faced increasing competition from online retailers such as Amazon.com Inc. as well as traditional retailers such as J.C. Penney Co., which have expanded their plus-size offerings. FullBeauty is struggling with $1.13 billion in debt, which could be unsustainable, given the recent erosion in revenue. The company’s interest expenses are high at close to $100 million a year, according to Moody’s.
