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17-06-2022, 08:38 AM
PUBLISHED THU, JUN 16 2022 6:42 AM EDT UPDATED THU, JUN 16 2022 9:43 AM EDT
Lauren Thomas
- Revlon filed for Chapter 11 bankruptcy protection on Wednesday evening as it grappled with a cumbersome debt load and a snarled supply chain.
- The company said it expects to receive US$575 million in debtor-in-possession financing from its existing lender base, which will help to support its day-to-day operations.
- Revlon is the first major consumer-facing business to file for bankruptcy protection in what has been a yearslong pause of distress in the retail sector.
https://www.cnbc.com/2022/06/16/cosmetic...ction.html
Lauren Thomas
- Revlon filed for Chapter 11 bankruptcy protection on Wednesday evening as it grappled with a cumbersome debt load and a snarled supply chain.
- The company said it expects to receive US$575 million in debtor-in-possession financing from its existing lender base, which will help to support its day-to-day operations.
- Revlon is the first major consumer-facing business to file for bankruptcy protection in what has been a yearslong pause of distress in the retail sector.
https://www.cnbc.com/2022/06/16/cosmetic...ction.html
