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Debra Perelman will remain president and CEO, but her father Ron Perelman's interest in the company has been wiped out. Revlon to Exit Bankruptcy Later This Month Skip to main content
In its bankruptcy filing, Revlon said supply chain disruptions in the spring prompted intense competition for ingredients used to make its products. UPDATE 6-Revlon files for bankruptcy, blames ...
SOPA Images via GettyIt’s been nonstop bad news for billionaire Ron Perelman: the revoked naming rights at Princeton, the “fire sale” of his holdings, and then this summer’s bankruptcy ...
Ronald Owen Perelman (/ ˈ p ɛr əl m ən /; born January 1, 1943) [1] is an American banker, businessman, investor, and philanthropist. [2] MacAndrews & Forbes Incorporated, [3] his company, has invested in companies with interests in groceries, cigars, licorice, makeup, cars, photography, television, camping supplies, security, gaming, jewelry, banks, and comic book publishing.
Revlon which had been managed by Perelman's daughter Debra Perelman since mid-2018, had long-term debt of $3.31 billion as of March 31, 2022. [39] The company narrowly avoided bankruptcy in 2020 after restructuring its debt. [40] It was one of the last remaining holdings of Ronald Perelman. [41]
In August 2004, it was announced that Ronald Perelman's MacAndrews & Forbes Holdings company would form a joint venture with AM General's current owner, Renco Group, to give Perelman 70% ownership of AM General.
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MacAndrews & Forbes & Co. was founded in 1850 by Edward MacAndrews and William Forbes, a distributor of licorice extract and chocolate. [7]In 1978, Perelman purchased a 40% stake in Cohen-Hatfield Jewelers, [8] and in 1980, Perelman, through Cohen-Hatfield Jewelers, bought MacAndrews & Forbes & Co.