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Can Revlon Be Saved?

Last week, Revlon Inc. filed for Chapter 11 bankruptcy under the weight of $3.7 billion in debt. As it reorganizes, the beauty company is borrowing up to $575 million to strengthen its supply chain and continue regular operations. On the brighter side, in the first quarter this year, its net sales increased 7.8% …
Rachel Brown·June 21, 2022·1 min read
The 30-second read
Last week, Revlon Inc. filed for Chapter 11 bankruptcy under the weight of $3.7 billion in debt. As it reorganizes, the beauty company is borrowing up to $575 million to strengthen its supply chain and continue regular operations. On the brighter side, in the first quarter this year, its net sales increased 7.8% after its net sales advanced 9.2% in 2021.

Acquired by billionaire Ron Perelman in 1985 and currently led by his daughter Debra Perelman, who became CEO in 2018, Revlon has been plagued by a myriad of problems stemming from branding, marketing, merchandising and financial missteps, including an infamous 2020 gaffe involving Citibank paying off an almost $900 million loan that wasn’t due until 2023.

To get insights from beauty industry insiders and advisors about Revlon’s past stumbles and its future potential, we asked 10 of them the following questions: Do you think Revlon is worth saving? Why do you think it’s been stumbling? Do you believe it can recover? What should other makeup brands, particularly older ones, learn from Revlon’s situation? What would you do if you were at the helm of Revlon?

The players

1 mentioned
Brand

AS Beauty

Founded2019
HQNew York, New York, United States
Revenue Range$150M+