Here's an interesting discovery. I think its well known that Mally went into bankcruptcy in 2015, but doing a little digging, and it appears she could be a minority shareholder in the company ! Below is taken from this website........
http://averymaebeauty.blogspot.co.uk/2015/08/who-owns-who-corporate-ownership-of.html#.WmUnhNsiHIU
Part 3: Private Equity Players
In this section, I have included investments and purchases of makeup brands by private equity firms and private investor groups. Some of the original owners of these brands retain a minority share of the company.
•General Atlantic very recently added Too Faced to their portfolio. Note: Too Faced was acquired by Estee Lauder in November 2016, making this a very good return on investment for General Atlantic. The transaction is expected to close by the beginning of 2017.
•North Castle Partners holds Palladio in their portfolio along with Elizabeth Arden Red Door spa.
•Lion Capital holds Perricone MD in their portfolio.
•TPR Holdings has a large beauty portfolio, including
Mally Beauty, Cargo Cosmetics, Nonie Creme Colour Prevails. TPR Holdings also has Oscar Blandi and other beauty brands.