Revlon Is To File For Bankruptcy Amid Heavy Debt Load
New York-based Revlon, owned by billionaire Ron Perelman’s MacAndrews & Forbes, is preparing to file for Chapter 11 bankruptcy amid a heavy debt load, according to the people aware of this matter. However, the potential filing is not final yet and could change. Revlon’s shares plunged 53%, the biggest one-day drop on record, on Friday…
SHAHID MUSHTAQ