NYSE to Commence Delisting Proceedings against Revlon, Inc. (REV)
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Revlon (REV) Extends gain, now up 110%
June 17, 2022 1:56 PM EDTRevlon (NYSE: REV) Extends gain, now up 110%
Revlon (REV) Resumes, Now Halted on Volatility, Down 25%
June 16, 2022 10:23 AM EDTRevlon (NYSE: REV) Resumes, Now Halted on Volatility, Down 25%
... MoreRevlon (REV) Files Chapter 11 Bankruptcy
June 16, 2022 6:14 AM EDTRevlon, Inc. (NYSE: REV) announced it and certain of its subsidiaries have filed voluntary petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York.
The Chapter 11 filing will allow Revlon to strategically reorganize its legacy capital structure and improve its long-term outlook, especially amid liquidity constraints brought on by continued global challenges, including supply chain disruption and rising inflation, as well as obligations to its lenders.
Upon receipt of court approval, the Company expects to receive $575 million in debtor-in-possession (DIP) financing from its... More
Revlon's road to bankruptcy
June 16, 2022 6:08 AM EDT(Reuters) - Revlon Inc filed for Chapter 11 bankruptcy protection late on Wednesday as the debt-laden cosmetics company struggled to take on rising competition from celebrity-backed startups in recent years.
Revlon, which was founded in 1932 as a nail paint maker, is controlled by billionaire Ron Perelman's MacAndrews & Forbes and counts celebrities Gal Gadot and Megan Thee Stallion among its brand ambassadors.
Here's a timeline of Revlon's journey from a cosmetics giant to a debt-ridden firm:
Date/Year Event
1932 Brothers Charles and Joseph Revson and
Charles Lachman form Revlon and launch
the first opaque nail enamel.
1955 Expands its business to international
... More
