Founder relaunches Costa Brazil after Amyris bankruptcy

Founder relaunches Costa Brazil after Amyris bankruptcy

THE WHAT? Francisco Costa has announced that he is relaunching his Costa Brazil brand following its closure as a result of the bankruptcy of former owner, Amyris.

THE DETAILS Costa bid US$350,000 for his eponymous brand in the Chapter 11 auction and, according to a report published by WWD, paid US$4.55 million for the brand and the release of claims against Amyris.

THE WHY? Amyris shuttered Costa days before filing for bankruptcy. Costa posted on the brand’s Instagram account, “Costa Brazil is back. I would like to express my deepest gratitude for the loyalty and partnership you have shown me since the beginning of this journey.”

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