HomeCosmeticsRevlon information for chapter following mounting money owed 

Revlon information for chapter following mounting money owed 

THE WHAT? Revlon has filed for chapter, itemizing property and liabilities of between US$1 billion and US$10 billion in a courtroom submitting. 

THE DETAILS Based on a report by Reuters, the corporate anticipated to get US$575 million in debtor-in-possession financing from its present lender base upon receipt of courtroom approval.

None of Revlon’s worldwide models, besides Canada and the UK, are a part of the Chapter 11 chapter proceedings.

THE WHY? The cosmetics firm is claimed to have flailed below mounting money owed because it tried to remain abreast of on-line start-ups, and has additionally been hit by provide points and COVID-19. 

Debra Perelman, Revlon Chief Govt, mentioned, “Our difficult capital construction has restricted our skill to navigate macro-economic points.”



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