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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.
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
Revlon is filing for Chapter 11 bankruptcy protection, weighed down by debt load, global supply chain disruptions and surging costs. Revlon, beauty icon in crowded market, files for bankruptcy ...
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 ...
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]
MacAndrews & Forbes Incorporated is an American diversified holding company wholly owned by billionaire investor Ronald Perelman. [2] Current investments include leading participants across a wide range of industries, from cosmetics and entertainment to biotechnology and military equipment.
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.
As Revlon looks to exchange notes due in 2021, chairman Ronald Perelman's MacAndrews & Forbes has been selling off assets.