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While the gummies are infused with Truly tropical flavors, the alcohol itself is cooked off in the production process, making the gummies themselves nonalcoholic.
The Bristol Luxury Group, a subsidiary of Bristol Capital Advisors, has substantially purchased the assets of specialty candy retailer Sugarfina, Inc. through a sale approved by the U.S. Bankruptcy Court for the District of Delaware.
Specialty candy retailer Sugarfina, Inc. has filed for Chapter 11 bankruptcy in Delaware, citing shifts in the retail sector, uncertainty in its international partnerships and difficulty in controlling margins as reasons for not being profitable.
Sugarfina is poised to take on Asia with shops in Japan, Korea, Singapore and the Chinese mainland following the opening of its first Asian boutique at Harbour City in Hong Kong.
Sugarfina is going global. Partnering with Upper East Holdings, specialty confectionery retailer Sugarfina will expand into Asia with the opening a 900-sq.-ft. boutique at Harbor City Mall in the Tsim Sha Tsui district of Hong Kong.
Pop a few champagne gummy bears — Sugarfina has a reason to celebrate. Private equity firm Great Hill Partners has invested $35 million in the Los Angeles-based confectionery brand, bringing Sugarfina’s total funding to more than $50 million.
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