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Revlon Inc

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  • Monday, 3 April, 2023
    Revlon to leave bankruptcy without longtime owner Ron Perelman

    Judge approves plan to end cosmetics group’s three-year fight with creditors over errant $900mn payment by Citigroup

    A selection of Revlon beauty products in a drugstore in New York
  • Wednesday, 15 February, 2023
    News in-depthCapital markets
    $50bn credit fund caught on both sides of distressed debt dispute

    Angelo Gordon’s positions differ in contested Revlon and Serta Simmons bankruptcies

    Revlon nail polish for sale at a store in the Brooklyn borough of New York
  • Wednesday, 28 December, 2022
    LexBankruptcy
    Financial trends: chapter and verse on resurgent US bankruptcy Premium content

    Disputes between lender groups about priority and collateral claims are best resolved via bankruptcy proceedings

    Revlon hair colour products are displayed at a store in California, US
  • Monday, 19 December, 2022
    Ron Perelman’s Revlon stake to be wiped out in bankruptcy settlement

    Senior creditors to take ownership of tycoon’s indebted cosmetics company under restructuring plan

    Ron Perelman speaks during an interview
  • Thursday, 8 September, 2022
    Citigroup Inc
    Citigroup wins appeal over $500mn it sent by mistake

    Wall Street bank challenged hedge funds that received repayment from Revlon loan in 2020

    Citibank sign on a building
  • Wednesday, 24 August, 2022
    Due Diligence
    How Biden’s trustbusters plan to target private equity Premium content

    Plus, Revlon shareholders prepare for a fight and a court battle exposes tensions in the distressed debt sector

  • Tuesday, 23 August, 2022
    News in-depth
    Revlon bankruptcy becomes a fight over memes

    Minority shareholders push for seat at courthouse table, insisting furious rally is sign of group’s true value

    Revlon makeup for sale at a store in Brooklyn, New York
  • Monday, 27 June, 2022
    Lex
    Revlon/meme stocks: continued speculation hints that bear market is not over Premium content

    Retail traders hoping to have snagged the next Hertz risk being disappointed

    Revlon hair colour products on display
  • Sunday, 26 June, 2022
    Personal & Household Goods
    How the beauty industry left Revlon behind

    Well-known mass-market brands are no longer enough in an industry shaped by independents and influencers

  • Thursday, 23 June, 2022
    Revlon is a meme stock (but almost certainly worthless)

    Redditors meet the Absolute Priority Rule.

  • Tuesday, 21 June, 2022
    Due Diligence
    The real winner from China’s IPO crackdown Premium content

    Plus, Citi’s loan fiasco complicates Revlon’s bankruptcy proceedings and the bipartisan ire mounting on Disney

    Due Diligence logo
  • Monday, 20 June, 2022
    News in-depth
    Revlon bankruptcy complicated by Citi’s $900mn error

    Data entry mistake in 2020 leads to infighting among creditors of indebted US cosmetics group

    Revlon lipsticks on display
  • Thursday, 16 June, 2022
    Lex
    Revlon: Chapter 11 marks end of easy money era for US financiers Premium content

    Cosmetics group can no longer put a brave face on liquidity and leverage problems

    Revlon has not kept up with beauty trends
  • Thursday, 16 June, 2022
    Revlon files for bankruptcy after supply chain woes and competition struggles

    US cosmetics group majority owned by billionaire Ron Perelman vows to ‘unlock full potential’ of its brands

    Revlon products on display in a Boots store in London, UK
  • Saturday, 27 February, 2021
    Citigroup Inc
    Revlon error forces Citigroup to slash profits by $323m

    Bank restates fourth-quarter earnings after losing bid to recover funds sent out by mistake

  • Wednesday, 17 February, 2021
    Due Diligence
    Hedge funds vs Citigroup: finder’s keepers Premium content

    Unpacking the surprising court victory in the battle for the bank’s accidentally wired $900m

  • Thursday, 12 November, 2020
    Revlon staves off bankruptcy after clinching last-minute debt deal

    Billionaires Ron Perelman and Carl Icahn end duel over bond exchange

  • Thursday, 27 August, 2020
    Citigroup Inc
    Citi’s $900m payment blunder was culmination of months of drama

    Hedge funds were furious over a financing deal for Revlon but then the bank accidentally wired them millions

  • Tuesday, 18 August, 2020
    Citigroup Inc
    Citigroup sues hedge fund after mistakenly wiring $175m

    Brigade Capital accused of keeping money sent in error and threatening ‘trust in the banking system’

  • Wednesday, 23 May, 2018
    fastFT
    Revlon appoints first female CEO in 86-year history

    Chief operating officer Debra Perelman promoted to top job

  • Thursday, 15 June, 2017
    US & Canadian companies
    Avon chief Sheri McCoy to step down

    Cosmetics company’s shares have dropped more than 80% since 2012

    Sheri McCoy
  • Friday, 3 March, 2017
    Personal & Household Goods
    Revlon blemished by weak North American sales
  • Tuesday, 17 January, 2017
    Personal & Household Goods
    Revlon shares perk up after outlining new structure
  • Friday, 17 June, 2016
    US equities
    Wall Street endures second straight weekly loss

    Technology and healthcare sectors decline while energy stocks gain on higher oil price

  • Thursday, 7 April, 2016
    News in-depthUS & Canadian companies
    Changing face of cosmetics alters $63bn US beauty market

    Specialist chains and online groups gain ground on traditional retailers

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