Reliance eyeing an offer to buy Revlon in US, cosmetics giant's shares jump

ET Now reported that Reliance Industries Ltd. Is considering buying the cosmetics giant. The company filed for Chapter 11 bankruptcy on Thursday. Revlon got its start 90 years ago selling nail polishes in the throes of the Great Depression. The cosmetics giant had declined 83% since the beginning of 2022.
#Reliance #Chapter11 #GreatDepression #BeautyFitness #FaceBodyCare #Make-UpCosmetics

1 weeks ago

Cosmetics giant Revlon is preparing to file for bankruptcy

Revlon Inc. Is preparing to file for Chapter 11 bankruptcy as soon as next week, people say. The cosmetics giant is battling supply chain problems and a heavy debt load. A representative for Revlon declined to comment on the potential filing, the people said. The potential filing isn’t final and could change, they said.
#Revlon #Chapter11 #BusinessIndustrial

2 weeks ago