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Revlon Files for Bankruptcy – Crippling Debt and Mounting Celebrity Competition | EURweb

Posted on June 16, 2022 by Eurweb

*(CNN) — Revlon, the 90-year-old cosmetics giant, filed for Chapter 11 bankruptcy protection because of its crippling debt and mounting celebrity competition. The nail polish and lipstick maker said the move will allow it to “strategically reorganize” its finances, pointing to “liquidity constraints” sparked by supply chain disruptions and inflation. Revlon is receiving $575 million […]

The post Revlon Files for Bankruptcy – Crippling Debt and Mounting Celebrity Competition appeared first on EURweb.

Posted in Eurweb, HeadlinesTagged business, news, newswirelink, revlon, TOP NEWS, Urban News

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