Revlon Files For Bankruptcy

Predicting the demise of Sears & Kmart since 2017!
Post Reply
Alpha8472
Posts: 3929
Joined: February 24th, 2009, 8:55 pm
Been thanked: 79 times
Status: Offline

Revlon Files For Bankruptcy

Post by Alpha8472 »

They filed for Chapter 11 citing "legacy debt" challenges and supply chain disruptions.

Elizabeth Arden bought Revlon in 2016 and the company changed names to Revlon.

Rival Coty seems to be doing better as they have deals to make beauty products using brands such as Gucci, Adidas, Calvin Klein, etc.
pseudo3d
Posts: 3852
Joined: November 12th, 2015, 7:01 pm
Has thanked: 5 times
Been thanked: 77 times
Status: Online

Re: Revlon Files For Bankruptcy

Post by pseudo3d »

Alpha8472 wrote: July 24th, 2022, 3:08 pm They filed for Chapter 11 citing "legacy debt" challenges and supply chain disruptions.

Elizabeth Arden bought Revlon in 2016 and the company changed names to Revlon.

Rival Coty seems to be doing better as they have deals to make beauty products using brands such as Gucci, Adidas, Calvin Klein, etc.
Looks like Revlon bought Elizabeth Arden, not the other way around.

The current Revlon is, however, Pantry Pride, which was gutted and reorganized as Revlon.
veteran+
Valued Contributor
Valued Contributor
Posts: 2234
Joined: January 3rd, 2015, 7:53 am
Has thanked: 1204 times
Been thanked: 72 times
Status: Offline

Re: Revlon Files For Bankruptcy

Post by veteran+ »

I wonder if there are still some hidden "assets" (which attracted Ron Perelman) from the former Food Fair/Pantry Pride that will see the light of day as the bankruptcy unfolds.

:?: :?:
pseudo3d
Posts: 3852
Joined: November 12th, 2015, 7:01 pm
Has thanked: 5 times
Been thanked: 77 times
Status: Online

Re: Revlon Files For Bankruptcy

Post by pseudo3d »

veteran+ wrote: July 25th, 2022, 7:58 am I wonder if there are still some hidden "assets" (which attracted Ron Perelman) from the former Food Fair/Pantry Pride that will see the light of day as the bankruptcy unfolds.

:?: :?:
I think the original plan of Pantry Pride was so he could write off a loss while making an overall profit. Anything from the original company was probably liquidated a long time ago…what were you expecting?
veteran+
Valued Contributor
Valued Contributor
Posts: 2234
Joined: January 3rd, 2015, 7:53 am
Has thanked: 1204 times
Been thanked: 72 times
Status: Offline

Re: Revlon Files For Bankruptcy

Post by veteran+ »

The Food Fair Empire was vast, diversified, multi-national and clandestine or concealed.

Perhaps Ron kept some of the more obscure assets around?

Just curious............................ 🤷‍♂️
Post Reply