Revlon files for bankruptcy, will continue to run its business through the reorganization

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

इंडिया समाचार समाचार

इंडिया ताज़ा खबर,इंडिया मुख्य बातें

Revlon files for bankruptcy protection

Revlon Inc. REV, +20.32% said Thursday that it has voluntarily filed for bankruptcy. The cosmetics and hair-care company's stock was halted for news. Revlon said the Chapter 11 filing will allow it to continue to run its business while it reorganizes its capital structure, amid liquidity constraints brought on by challenges including supply chain disruptions, rising inflation and debt obligations.

Upon court approval of the filing, the company expect to receive $575 million in debtor-in-possession financing to support operations."Consumer demand for our products remains strong -- people love our brands, and we continue to have a healthy market position," said Chief Executive Debra Perelman."But our challenging capital structure has limited our ability to navigate macro-economic issues in order to meet this demand.

 

आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।

I wrote this yesterday

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

 /  🏆 3. in İN

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

Cosmetics company Revlon files for bankruptcy protectionRevlon Inc filed for Chapter 11 bankruptcy protection on Wednesday after struggling to compete with online-focused upstart brands in recent years. Please save revlon or there will be a mass filing for divorce world wide, when couples wakeup without makeup during their honeymoon. 🤪
स्रोत: Reuters - 🏆 2. / 97 और पढो »

Cosmetics company Revlon files for bankruptcy protectionRevlon Inc filed for Chapter 11 bankruptcy protection on Wednesday after struggling to compete with online-focused upstart brands in recent years. Please save revlon or there will be a mass filing for divorce world wide, when couples wakeup without makeup during their honeymoon. 🤪
स्रोत: Reuters - 🏆 2. / 97 और पढो »