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StockNews.com
StockNews.com
Business
Pragya Pandey

Beauty Stock Nearly Doubles After Acquisition News

Revlon, Inc. (REV) and its subsidiaries develop, manufacture, market, distribute, and sell beauty and personal care products worldwide. Its diverse array of products is offered in about 150 countries worldwide across most retail distribution channels, including prestige, salon, mass, and online.

The stock declined 67.1% year-to-date and 25.7% over the past month to close its last trading session at $3.73. Last week, REV declared Chapter 11 bankruptcy, becoming one of the first major companies to do so amid a global slump in corporate default activity.

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