POINTS
-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 $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 years-long pause on distress in the retail sector.
There’s going to be a lot more of this going on very soon. Retail is going to get slammed hard due to the recession, inflation, etc. Save your money family.
-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 $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 years-long pause on distress in the retail sector.
Cosmetics giant Revlon files for Chapter 11 bankruptcy protection
Revlon filed for Chapter 11 bankruptcy protection on Wednesday evening as it grappled with a cumbersome debt load and a snarled supply chain.
There’s going to be a lot more of this going on very soon. Retail is going to get slammed hard due to the recession, inflation, etc. Save your money family.