What is Revlon's next chapter?
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The New York based company, who holds a license to manufacture cosmetics and frangrance for Tom Ford, is 'especially interested' in the beauty division.
Revlon, a 90-year-old international cosmetics company, has filed for "reorganization bankruptcy" in the United States on June 15, 2022.
(New York NY) -- Cosmetics giant Revlon is filing for bankruptcy protection. It comes as the company has faced challenges from upstart brands recently. Revlon's sales have struggled as it has had to deal with supply chain issues and losing shelf space to new brands backed by celebrities such as Kylie Jenner and Rihanna. The company was founded by Charles Lachman and brothers
Company founded 90 years ago by Jewish American brothers Charles and Joseph Revson finds itself weighed down by debt load, disruptions to supply chain network and surging costs