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44°
Saturday, apr 27
Tag:
Debtor-In-Possession
Business
Ny-b
ased Revlon, Iconic 90-Year-Old Multinational Personal Care Company, Files For Bankruptcy
New York-based personal care and cosmetics company Revlon announced it has filed for bankruptcy on Thursday, June 16. The company is hoping to get $575 million in debtor-in-possession (“DIP”) "to strategically reorganize its legacy capital structure and improve its long-term outlook," according to a release. Revlon says they plan on operating "seamlessly" after the filing “Today’s filing will allow Revlon to offer our consumers the iconic products we have delivered for decades, while providing a clearer path for our future growth,” said Debra Perelman, Revlon's President an…
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