BREAKING: Revlon, the 90-year-old multinational beauty company, has filed for Chapter 11 bankruptcy. The New York-based company is weighed down by a heavy debt load, disruptions to its supply chain network and surging costs.
Revlon, the 90-year-old multinational beauty company, has filed for Chapter 11 bankruptcy protection, weighed down by debt load, disruptions to its supply chain network and surging costs.
The New York-based company said it expects to receive $575 million in financing from its existing lenders, which will allow it to keep its day-to-day operations running. None of Revlon’s international operating subsidiaries are included in the proceedings, except for Canada and the United Kingdom. The filing was made in the U.S. Bankruptcy Court for the Southern District of New York,
Revlon, whose brands from Almay to Elizabeth Arden had been a mainstay on store shelves for decades, has struggled for years for failing to keep pace with changing beauty tastes and stiffer competition. It is backed by billionaire Ron Perelman’s MacAndrews & Forbes.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
NYC Mayor Adams endorses Hochul in New York governor's race - New York Amsterdam NewsNew York City Mayor Eric Adams endorsed New York Gov. Kathy Hochul for a full term on Wednesday, praising her as “an amazing governor” who deserves a full term.
Weiterlesen »
New FX show 'The Old Man,' premieres at the MoMA in New York CityCall it clash of the titans. Two of Hollywood's best actors square off as former colleagues who must now be adversaries in a new limited series called 'The Old Man.'
Weiterlesen »
New 'FX on Hulu' show 'The Old Man,' premieres at the MoMA in New York CityCall it clash of the titans. Two of Hollywood's best actors square off as former colleagues who must now be adversaries in a new limited series called 'The Old Man.'
Weiterlesen »
New FX show 'The Old Man,' premieres at the MoMA in New York CityCall it clash of the titans. Two of Hollywood's best actors square off as former colleagues who must now be adversaries in a new limited series called 'The Old Man.'
Weiterlesen »
Cosmetics company Revlon files for bankruptcy protectionRevlon Inc filed for Chapter 11 bankruptcy protection on Wednesday after struggling to compete with online-focused upstart brands in recent years.
Weiterlesen »
Revlon files for bankruptcy, will continue to run its business through the reorganizationRevlon Inc. undefined said Thursday that it has voluntarily filed for bankruptcy. The cosmetics and hair-care company's stock was halted for news. Revlon...
Weiterlesen »