Revlon, a cosmetics company, is on the verge of declaring bankruptcy
Revlon had long-term debt of $3.31 billion, as of end-March, and faces stiff competition from digital-native upstart brands. The lipstick maker began talks with lenders ahead of looming debt maturities to try to steer the business clear of bankruptcy. Revlon, whose shares declined 46%, did not immediately respond to a Reuters request for comment. Beauty … Read more