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Cosmetics giant Revlon files for Chapter 11 bankruptcy protection
submitted 1 year ago by [deleted] from cnbc.com
[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 1 year ago (0 children)
This is huge, they're the first major company to file for bankruptcy, and it's because they outsourced to China, and China is shut down.
The 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,” Revlon President and Chief Executive Officer (((Debra Perelman))) said in a press release issued Thursday morning.
[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - (0 children)
[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - (0 children)