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Revlon was founded by brothers Charles and Joseph Revson, and chemist Charles Lachman. Revlon products are sold in 150 countries and the company has many global locations including Mexico City, London, Paris, Hong Kong, Indonesia, Sydney, Singapore, and Tokyo. On June 16, 2022, Revlon filed for Chapter 11 bankruptcy. [3]
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Beauty megabrand Revlon is going bankrupt. The company is filing for Chapter 11 protection this week in the first major bankruptcy of a rocky economy that many experts think could be headed for ...
Revlon filed for Chapter 11 bankruptcy protection in mid-June 2022 following its attempt at preservation by obtaining a loan from Citigroup in 2018. Subsequently, the bank mistakenly wired $900M, rather than the intended $8M, for interest payments to Revlon's lenders; less than half of the wired sum had been recovered when Revlon filed for ...
Revlon shares have doubled on news that a court approved its $1.4 billion bankruptcy loan.
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Yahoo Finance Live looks at Revlon's sliding stock as a judge rules against calls from shareholders to form a bankruptcy committee.