The industry has been consolidating over the decades, leaving just a few cable giants — Comcast, Charter, Cox and Altice USA — to compete with telecom companies like AT&T and Verizon.
While some online beauty product sellers have fared better than on-site retailers, the industry has been in a state of flux since the coronavirus pandemic upended the global economy and prompted people to cover their faces with masks instead of cosmetics.
Montreal-based Cirque filed for protection in July after the coronavirus pandemic forced it to close shows around the world, triggering a fight for control of one of the best-known brands in live performance.
The firm held off in the first five months on making any fresh investments, part of Carlyle’s decision globally to tread carefully as rivals rushed in to snap up distressed assets.