NEW YORK: Revlon Inc filed for Chapter 11 bankruptcy, unable to manage its heavy debt load amid the supply chain crunch and steep inflation.
The cosmetics giant owned by billionaire Ron Perelman sought court protection in the Southern District of New York, and listed assets totaling $2.3 billion as of late April. That stands in contrast to total debts of $3.7 billion, which include its 6.25% senior notes due in 2024, according to court papers dated June 15.
