A Public Security officer retains watch as folks stand in entrance of a billboard owned by Revlon that takes their photos and shows them in Instances Sq. within the Manhattan borough of New York October 13, 2015. REUTERS/Carlo Allegri
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June 16(Reuters) – Revlon Inc (REV.N) filed for Chapter 11 chapter safety late on Wednesday because the debt-laden cosmetics firm struggled to tackle rising competitors from celebrity-backed startups lately. learn extra
Revlon, which was based in 1932 as a nail paint maker, is managed by billionaire Ron Perelman’s MacAndrews & Forbes and counts celebrities Gal Gadot and Megan Thee Stallion amongst its model ambassadors.
Here is a timeline of Revlon’s journey from a cosmetics big to a debt-ridden agency:
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Reporting by Deborah Sophia in Bengaluru; Enhancing by Anil D’Silva
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