(Bloomberg) — A hard-fought battle between Citigroup Inc. and creditors of Revlon Inc. over an epic blunder in which the bank accidentally sent the lenders almost a billion dollars was finally c...
Tag: Revlon
Digital World, Domino’s, Revlon, Albertsons and more
Revlon signage is seen on display in a Boots store in London, Britain, June 16, 2022. Hannah McKay | Reuters Check out the companies making headlines in midday trading. Digital World Acquisition — The...
Citi Sues Revlon Over Lender Status After $900 Million Mistake
(Bloomberg) — Citigroup Inc. has sued Revlon Inc. in a bid to resolve a nagging legal question that emerged after the bank mistakenly wired $900 million to the cosmetics giant’s lenders and inte...
Battered by Black Swans, Retail Industry Hunkers Down
Battered by Black Swans, Retail Industry Hunkers Down UnSplash The week of the Fourth of July holiday is one of those moments in the year when the rhythm of nature, our lives, and our businesses slows...
The Best And Worst Performers This Week
Revlon filed for bankruptcy last week, but retail traders are bidding the stock higher to squeeze short sellers. Getty Images Investors earned a bit of a breather from the depths of the bear market th...
Revlon Declared Bankruptcy. Why Is Its Stock Soaring?
A funny thing happened on the way to Revlon’s bankruptcy. By all accounts, it should have been lights out for Revlon (REV) – Get Revlon Inc. Report. On June 16, the cosmetics company fil...
Why Is Revlon Stock Up 600% After Filing For Bankruptcy?
John Nacion/STAR MAX/IPx Key Takeaways Revlon filed for Chapter 11 bankruptcy last week under the weight of $3.3 billion in debt They’ve secured $375 million in additional debt that will allow them to...
Winnebago, La-Z-Boy, Revlon and others
Check out the companies making headlines before the bell: Winnebago (WGO) – The recreational vehicle maker saw its stock jump 3.4% after it beat top and bottom-line estimates for its latest quarter. W...
Revlon stock price has surged but it could be a bull trap
Revlon (NYSE: REV) stock price has made a swift recovery even as the company considers going bankrupt. The shares have risen by over 8% in premarket trading, bringing the total gains from last week to...
Revlon Has Declared Bankruptcy. More Defaults Could Be on the Way.
Text size Cosmetics company Revlon has filed for Chapter 11 bankruptcy. There could be more defaults on the way for U.S. companies. Dreamstime With fears that a recession is looming, there could be mo...
Revlon shares jump 75% amid news of a potential buyout
Recent decades have not been kind to Revlon (NYSE: REV), which has dominated the cosmetics and beauty markets for much of its 90 years. More recently, the company struggled under great debt, competiti...
Citi’s $900 Million Revlon Gaffe Risks Getting Even More Painful
(Bloomberg) — It took less than a day for Citigroup Inc.’s now-infamous payment error to Revlon Inc. lenders to come up in the cosmetics giant’s bankruptcy. Most Read from Bloomberg The bank’s t...
Revlon files for Chapter 11 bankruptcy protection
Cosmetics giant Revlon filed for Chapter 11 bankruptcy protection on Wednesday evening as it grappled with a cumbersome debt load and a snarled supply chain. The company said it expects to receive $57...
Revlon Stock Collapses On Reports Of Imminent Chapter 11 Bankruptcy
Updated at 3:46 pm EST Revlon (REV) – Get Revlon Inc. Report shares extended declines Monday following a report that suggested the iconic cosmetics group could file for Chapter 11 bankruptcy pr...
Astra Space, Amazon, Revlon, Prologis & more
Amazon is “definitely a stock to own,” according to Sid Choraria, a senior portfolio manager who previously attracted the attention of Warren Buffett. Klaus-Dietmar Gabbert | Picture Allia...
Revlon Is Preparing to File for Bankruptcy
(Bloomberg) — Cosmetics giant Revlon Inc. is preparing to file for Chapter 11 bankruptcy as soon as next week as it battles supply chain problems and a heavy debt load, according to people with ...
Cosmetics Maker Revlon Nears Chapter 11 Filing
Revlon Inc. is preparing to file for chapter 11 protection as soon as next week after struggling for years with too much debt, stiff competition in the cosmetics business and more recent inflation and...
Revlon Plunges After Report It’s Preparing Bankruptcy Filing
(Bloomberg) — Revlon Inc. plunged 53%, the biggest one-day drop on record, after distressed debt news outlet Reorg reported that the cosmetics empire is preparing to file for bankruptcy. Most Re...