41-year-old cosmetics company files for Chapter 11 bankruptcy

The 41-year-old cosmetics company that just filed for Chapter 11 is Miyoshi America Inc., a U.S.-based supplier of surface-treated pigments and powders used by major cosmetics brands.

Who filed and when

• The company is Miyoshi America Inc., which supports other beauty brands with specialty pigments and powders rather than selling directly to consumers.

• It filed a prepackaged Chapter 11 petition in the U.S. Bankruptcy Court for the Southern District of Texas on April 27, 2026.

• Court filings show Miyoshi listed between 10 million and 50 million dollars in assets and liabilities, including about 30.7 million dollars in assets.

Age and background of the company

• The “41-year-old” description comes from the business’s operating history: the company traces its roots back to 1985, when it launched as U.S. Cosmetics Corp.

• In 1997, it merged with Miki America Inc., which had acquired U.S. Cosmetics’ assets, and it ultimately rebranded as Miyoshi America Inc. in 2016.

Why Miyoshi filed Chapter 11

• The core driver is mounting litigation over alleged talc- and asbestos-related personal injury claims tied to its talc-containing products.

• Miyoshi denies liability but states that the cost of defending and settling these talc lawsuits is not sustainable if it remains outside bankruptcy.

• Its Chapter 11 is prepackaged and designed to create a trust under sections 524(g) and 105(a) of the Bankruptcy Code to handle current and future talc personal injury claims.

Capital structure and planned restructuring

• The company reports owing about 15 million dollars in funded debt to its parent company, Miyoshi Kasei Inc.

• Under the proposed plan, talc personal injury claims would be channeled into a specially created trust, and a “talc personal injury channeling injunction” would bar claimants from suing the reorganized company, its parent, and other protected parties over pre-emergence talc sales.

• Miyoshi plans to continue operating “business as usual” during the restructuring while resolving these legacy liabilities through the trust.

How this fits broader cosmetics/talc trends

• The filing parallels other beauty-sector bankruptcies tied to talc and asbestos litigation, such as Avon Products’ Chapter 11 in August 2024, where asbestos-related talc claims were a key factor alongside heavy debt.

• This structure—using Chapter 11 to create a talc claims trust and channeling injunction—mirrors strategies seen in other mass-tort bankruptcies involving consumer products and alleged toxic exposures.

Is there a specific angle you want to dig into (e.g., impact on trade creditors, how 524(g) trusts work, or implications for other cosmetics suppliers)?