Revlon files for bankruptcy, shares plummet
The cosmetics maker has fallen victim to global supply chain disruptions that pushed up raw material costs and prompted vendors to demand upfront payments.
Source: businesslive.co.za
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Cosmetics giant Revlon files for bankruptcy, shares plunge
In its bankruptcy filing, Revlon said supply chain disruptions prompted intense competition for ingredients used to make its products.
Source: timeslive.co.za