Cosmetics Giant Revlon Files for Bankruptcy Protection
A headline you might never have thought possible to read. Cosmetics giant Revlon files for bankruptcy protection. It’s not necessarily because consumers don’t want Revlon products, although the company has…
Eyelashes during Fashion East at London Fashion Week Fall/Winter 2015/16 at ICA on February 20, 2015 in London, England. (Photo by Miles Willis/Getty Images)
Miles Willis / StringerA headline you might never have thought possible to read. Cosmetics giant Revlon files for bankruptcy protection. It's not necessarily because consumers don't want Revlon products, although the company has faced increased competition.
It began with a decline in spending when more people were staying at home due to the pandemic. Then things escalated with supply chain problems. The filing said those problems have made it impossible for them to fill nearly one-third of customer demand.
David Livingston/Getty ImagesSupermodel and actress Cindy Crawford is mostly known for her editorial work throughout the ‘80s and ‘90s, and recently walked the runway in 2017 during an homage to the late Gianni Versace. She has also been a spokesperson for Revlon
Some of the world's most famous celebrities have put their faces behind Revlon; Cindy Crawford, Susan Sarandon, Salma Hayek, Oprah Winfrey, Halle Berry and more.
Through the bankruptcy filing, the iconic company is hoping to regroup, refocus and come back even better.
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