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Revlon Files Bankruptcy Amid Supply Woes, Loan Controversy

  • Supply chain problems follow years of business challenges
  • Company lists $3.7 billion of debt in bankruptcy petition
Revlon has sought court protection in the Southern District of New York.

Revlon has sought court protection in the Southern District of New York.

Photographer: Daniel Acker/Bloomberg
Updated on

Revlon Inc. filed for Chapter 11 bankruptcy as the global supply chain crunch proved the tipping point for the debt-laden company that has struggled to tap into a broader cosmetics sales boom driven by social-media influencers.

The bankruptcy caps a tumultuous period for the cosmetics giant, owned by billionaire Ron Perelman’s MacAndrews & Forbes, which suffered during the pandemic after years of declining sales and endured financial controversies that the company said Thursday could “impede” its restructuring process.