Revlon’s Lipsticks, Hair Tools and Nail Polish Look for New Home This Holiday Season
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Hi, it’s Rachel Butt on the credit team in New York. Today, we’re getting ready for Black Friday by looking into Revlon courting buyers in the midst of a contentious bankruptcy process. Elsewhere, Blythe Masters is dealmaking in Berlin and there’s an update on Carl Icahn’s shorting.
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I have to confess—I have never bought or tried products from Revlon. But this storied brand could be in the hands of a new owner soon. Here’s how we got here and what to expect as we approach December, when Revlon needs to submit a restructuring agreement.