Thirteen Lune, the retailer launched in 2020 by Nyakio Grieco and Patrick Herning to showcase minority-owned beauty brands, has been acquired by SNR Capital, a financing and fulfillment firm associated with The PCA Companies, a global distributor, logistics, e-commerce and licensing company, through an insolvency process that’s an alternative to bankruptcy called an assignment for the benefit of creditors. The acquisition, first reported by publication Women’s Wear Daily, comes after a challenging period for Thirteen Lune that saw its shop-in-shop relationship with J.C. Penney restructured and delays in vendor payments last year.