What Went Wrong at Amyris?

Amyris is exiting the celebrity beauty business.

Just days after shutting down three of its labels, including Brazilian skin, hair and fragrance line Costa Brazil and clean beauty retailer Onda Beauty, the company filed for Chapter 11 bankruptcy protection and said it would sell off its remaining brands.

According to a Delaware bankruptcy court filing, the company listed estimated assets in the range of $500 million to $1 billion and…