Revlon Sees Light Through Bankruptcy Tunnel, Expects to Emerge In April
New York-based Revlon, Inc. expects to emerge from Chapter 11 bankruptcy after a 3 April meeting with the Bankruptcy Court for the Southern District of New York. The firm says it has settled with a group of unsecured creditors and agreed to financial restructuring that should reduce total debt burden by about $2.7bn.
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Revlon Gains $1.4Bn Financing From Subsidiaries, Appoints Interim CFO Amid Bankruptcy Fallout
Revlon approved for $1.4bn debtor-in-possession financing from BrandCo Lenders, a group of operating subsidiaries formed in capital structure changes which owns much of Revlon’s intellectual property. Firm appoints interim CFO to set course for debt restructuring.
Revlon Says Bankruptcy Filing Will Unlock Brand Power, Set Firm On Clearer Path
Revlon Inc. has filed for Chapter 11 protection after supply chain challenges, including disgruntled vendors, tipped the scale for the already struggling firm.
Over The Counter 9 June 2023: Embracing AI/AR In Beauty, While Navigating Its Hurdles
In this episode of Over The Counter, HBW Insight speaks to Sampo Parkkinen, CEO and founder of Revieve, a firm that provides businesses with AI technology platforms to deliver a personalized brand experience. We discuss how artificial intelligence and augmented reality continue to shape beauty, where ChatGPT fits in and the importance of consumer privacy.