…after almost 100 years.
Long-time beauty brand Revlon had some shocking news today…the company has filed for bankruptcy.
BREAKING: Revlon, the 90-year-old multinational beauty company, has filed for Chapter 11 bankruptcy. The New York-based company is weighed down by a heavy debt load, disruptions to its supply chain network and surging costs. https://t.co/7ywxYPFWhy
— The Associated Press (@AP) June 16, 2022
Disruptions to their supply chain, plus ever-rising costs are being given as reasons why the 90-year old company is in dire straights.
As of late April…Revlon’s debt is listed at $3.7B.
Image: New York Post via Twitter
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