Revlon

The discussions are ongoing but the move is not final and there could be a change in the direction.

Revlon has been facing stiff competition from legacy rival Estee Lauder and also from a number of smaller brands who have been winning the social media game. The potential bankruptcy of Revlon was first reported by Reorg, a news outlet focussing on debt coverage. The report said that Revlon had declined to make a comment.

The lipstick maker began talks with lenders ahead of looming debt maturities to try to steer the business clear of bankruptcy, a report said.

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Inflation is denting margins and the company has more than $3bn of long-term debt.

Revlon has more than 15 brands, including Elizabeth Arden and Elizabeth Taylor, which it markets in nearly 150 countries. Revlon is talking with creditors, and equity ownership of the company is likely to change, one of the sources said. The company has more than $3 billion of long-term debt, and has narrowly averted multiple defaults by cutting debt deals with creditors.

Cosmetics maker Revlon Inc (REV.N) is preparing to file for chapter 11 protection as soon as next week, the Wall Street Journal reported, citing people ...

Revlon had long-term debt of $3.31 billion, as of end-March. Cosmetics maker Revlon Inc (REV.N) is preparing to file for chapter 11 protection as soon as next week, the Wall Street Journal reported, citing people familiar with the matter. Cosmetics maker Revlon Inc (REV.N) is preparing to file for chapter 11 protection as soon as next week, the Wall Street Journal reported, citing people familiar with the matter.

Revlon Inc. is preparing to file for chapter 11 protection as soon as next week after struggling for years with too much debt, stiff competition in the ...

Revlon used those brand assets to raise fresh financing that helped it weather the Covid-19 pandemic. Maturities on the rest of Revlon’s $3.3 billion in debt pile up rapidly in 2024 and 2025. But Citi’s legal rights to seek repayment on the loans at maturity are not entirely clear, other people said. But the company’s outlook is still challenged by its need to raise capital for liquidity needs, according to an April report by S&P Global Ratings. Citi declined to comment. Revlon shares dropped 53% on Friday to $2.05 a share.

Popular American cosmetics and skin care products manufacturer Revlon Inc is preparing to file for Chapter 11 bankruptcy as soon as next week.

Notably, Revlon said in March that it faced supply chain constraints that hurt its ability to service demand. Revlon was planning to file for bankruptcy was first reported by Reorg Research. Revlon has been struggling with the huge debts and the disruptions caused during the COVID-19 pandemic. It is pertinent to mention here that as of March, Revlon had long-term debt of $3.31 billion, according to Bloomberg. The report further added that the entity faces stiff competition from digital-native upstart brands.