Jane & Co. files for Ch. 11

BALTIMORE, Md. Cosmetics company Jane & Co. has filed for Chapter 11, a move that will allow the company to operate its business as a debtor-in-possession while it looks for a buyer or an alternative strategy.

Jane & Co., which is based in Baltimore, Md., has annual revenues of about $25 million.

Drew McManigle has been named chief restructuring officer and is leading Jane?s business reorganization efforts.