Revlon files for bankruptcy protection

Revlon, beauty icon in crowded market, files for bankruptcy protection

Revlon, the 90-year-old multinational cosmetics company, has filed for Chapter 11 bankruptcy protection, weighed down by rising debts, global supply chain disruptions and new rivals.

With household names such as Almay and Elizabeth Arden, Revlon has been a mainstay on store shelves for decades. And it’s a company that broke race barriers and put supermodels such as Iman, Claudia Schiffer, Cindy Crawford and Christy Turlington front and center.

Revlon’s problems only intensified with the pandemic as sales of lipstick tumbled, with masks the fashion of the era.

https://www.aol.com/news/revlon-beauty-icon-crowded-market-1…

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