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Inquirer Daily News

Archive: May, 2013

POSTED: Thursday, May 9, 2013, 11:42 AM
Filed Under: Consumer Products

Skinny Nutritional Corp., the local flavored-water marketer that saw most of its board resign earlier this year, has filed a Chapter 11 petition to restructure its operations.

Now based in Bryn Mawr, the company listed total assets of $2.93 million and total debts of $6.01 million in documents filed in U.S. Bankruptcy Court in Philadelphia. Skinny Nutritional makes Skinny Water, which has been marketed as a zero-calorie, zero-sugar bottled water beverage.

In a filing with the Securities and Exchange Commission, Skinny Nutritional stated that the "decision to seek protection under Chapter 11 was triggered" by an attempt by its New York-based lender, Trim Capital L.L.C., to foreclose on certain assets, including its portfolio of trademarks.

POSTED: Wednesday, May 8, 2013, 12:10 PM

You never know when an acquisition involving the automobile industry in the Midwest in 1998 might affect a drug-development firm in the Philadelphia area in 2013.

But that’s apparently the backstory of $15 million in financing completed last week by Exton-based AltheRx Pharmaceuticals.

That round of investment was led by Becker Ventures L.L.C., a family office- investment management firm that manages the wealth of Charles E. Becker, who had been chief executive and co-owner of Becker Group Inc., a privately held automotive- interior supplier.

About this blog
Mike Armstrong blogs about Philadelphia corporations and business-related topics. Contact him at 215-854-2980. Reach Mike at marmstrong@phillynews.com.

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