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Revlon Is Preparing to File for Bankruptcy

  • Company has struggled amid supply chain pain, pandemic
  • Past debt deals with creditors helped company avert default
Revlon lip color.

Revlon lip color.

Photographer: Daniel Acker/Bloomberg
Updated on

Cosmetics giant Revlon Inc. is preparing to file for Chapter 11 bankruptcy as soon as next week as it battles supply chain problems and a heavy debt load, according to people with knowledge of the matter. 

Talks around the potential filing aren’t final and could change, said the people, who asked not to be named discussing private negotiations. A representative for Revlon declined to comment.