Lynn Tilton to Lead Stila Cosmetics & Jane Cosmetics as Chief Executive Officer

  Lynn Tilton to Lead Stila Cosmetics & Jane Cosmetics as Chief Executive
  Officer

Business Wire

NEW YORK -- February 7, 2013

Patriarch Partners, LLC (“Patriarch”), a New York based investment firm and
holding company, has announced today that Lynn Tilton, Patriarch’s founder and
CEO, will assume the role of CEO for portfolio companies Stila Cosmetics and
Jane Cosmetics, effective immediately. Patriarch acquired Stila Cosmetics and
Jane Cosmetics in April and December of 2009, respectively.

“I believe both brands, together, allow us to inspire the inner beauty in
every woman. I have long believed that these companies are a platform to
educate, enlighten and empower women. I am excited and honored to work more
closely with these teams to be disruptive in our strategies and more
innovative in our products,” said Ms. Tilton. “I am grateful for the
dedication, work ethic and innovation of the new operating teams.”

Tilton will oversee the day-to-day global business for both brands including
sales, operations, finance, marketing, product development, and packaging -
each currently led by proven executives. Reporting to the CEO, the executive
leadership team is comprised of the following individuals:

• Chief Financial Officer – Michael Hughes

• Chief Commercial Officer – Menal Parikh

• Chief Marketing Officer – Cynthia Rapp

• Chief Creative Officer – Jill Tomandl

About Stila Cosmetics:

Stila Cosmetics, founded in 1994, is a globally-recognized color cosmetics
brand known for its modern, sophisticated, accessible approach to beauty. The
brand’s innovative, multi-tasking formulas, eco-friendly packaging, and
fashion forward colors are available in over 500 doors in the United States,
which includes Sephora, Ulta, select Nordstrom, and select Macy’s. Stila is
also available in more than 20 global markets including Canada, the United
Kingdom, Australia, India, Southeast Asia, Brazil, and Mexico. For more
information about Stila, visit www.stilacosmetics.com.

About Jane Cosmetics:

JANE & Company makes high quality value products in the eye, lip and face
cosmetics categories. JANE fills a niche between value and prestige cosmetic
lines. The Company’s products are sold in mass merchant retailers and better
drugstores throughout the U.S. and Canada.

JANE is a high-loyalty brand that delivers department store quality at value
prices to mass market customers. Retail prices range from $3.00 to $6.00. The
Company sells hundreds of color cosmetic products with appealing packaging and
technologically superior formulations for foundations, bronzers, mascaras,
eyeliners and lipsticks. For more information, please visit:
www.janecosmetics.com.

About Patriarch Partners:

Patriarch Partners, LLC, is an investment firm and holding company managing 75
companies with annual revenues in excess of $8 billion. Founded by Wall Street
veteran Lynn Tilton in 2000, Patriarch is dedicated to saving American
manufacturing jobs by saving American companies that have fallen from economic
favor. Since inception, the Patriarch family of funds have bought more than
150 companies, and in so doing have saved over 250,000 jobs. Patriarch’s
platform includes a broad range of industrial concerns including Dura
Automotive, Oasis Water and American LaFrance, in addition to iconic American
brands such as Rand McNally, MD Helicopters, Stila Cosmetics and Spiegel
Catalogs. Under Ms. Tilton's leadership, Patriarch has become the largest
woman-owned business in America with companies in its platform providing
employment to more than 120,000 persons. For more information, please visit:
www.patriarchpartners.com.

Contact:

Stila Cosmetics
Janice Nickloff, 818-459-8000
jnickloff@stilacosmetics.com
 
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