Major cosmetics company Revlon set to file for bankruptcy amid heavy debt load
New York-based Revlon, owned by billionaire Ron Perelman’s MacAndrews Forbes, struggled amid competition from Estee Lauder Cos. and a host of smaller companies using social media to lure customers.Sales had been declining years before the pandemic, which also hit the company hard
Major cosmetics company Revlon set to file for bankruptcy amid heavy debt load
New York-based Revlon, owned by billionaire Ron Perelman’s MacAndrews Forbes, struggled amid competition from Estee Lauder Cos. and a host of smaller companies using social media to lure customers.Sales had been declining years before the pandemic, which also hit the company hard