Major cosmetics company Revlon set to file for bankruptcy amid heavy debt load | Mint - Mint

New York-based Revlon, owned by billionaire Ron Perelman’s MacAndrews & Forbes, struggled amid competition from Estee Lauder Cos. and a host of smaller companies using social media to lure customers.Sales had been declining years before the pandemic, which al…

Cosmetics giant Revlon Inc. is preparing to file for Chapter 11 bankruptcy as soon as next week as it battles supply chain problems and a heavy debt load, according to people with knowledge of the ma… [+1118 chars]

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