Video: Advent Raises $25B for Private Equity Fund (Bloomberg)Gulf Central Banks partially Follow FedPost-Fed, ECB Effect, BOE Expectations: 3-Minute MLIVDefinitely Want to Be Selling Into This Market: ApabhaiCathay Pacific Plans Hiring SpreeRobeco's Chow on Bond MarketsJPMorgan AM's Cheong on Market OutlookL'Oreal CEO on Tech in Beauty & Risks of RecessionCredit Suisse WM's Argyrou on Fed Decision, BondsFund Lobby Urges Hong Kong to Drop Quarantine MeasuresYen Angst Gauge Remains HighFranklin Templeton Investments CEO on M&A ActivityKKR's Freise on Inflation, Central Banks, Private EquityMark Carney on Central Banks, Rate Hikes, Net ZeroFed's Forecasts 'Remarkably Optimistic': William DudleyFed Raises Rates and Signals Another Hike Is ComingStanley: Fed Would Like to See Soft Landing“Today’s filing will allow Revlon to offer our consumers the iconic products we have delivered for decades, while providing a clearer path for our future growth,” said Debra Perelman, who was named Revlon president and CEO in 2018.
Her father, billionaire Ron Perelman, backs the company through MacAndrews & Forbes, which acquired the business through a hostile takeover in the late 1980s.
Revlon went public in 1996. Ms Perelman said that demand for its products remain strong, but its “challenging capital structure” offered limited ability to navigate macro-economic issues.
In recent months, Revlon has experienced industry-wide supply chain challenges and higher costs that are challenging companies globally.
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